Target Trading in the Forex week of September 30th, 2018 EU UJ GU AU

Note: USDX is still bearish but in a range.We have divergence so anticipating the down move on the USDX.We are looking for the continuation to the 95.500 area.Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have remained steady so still summer like trading.

$EURUSD

What ProAct Traders See: Waiting: We are currently sitting @ 1.1610 in a range.A couple of different scenarios:1:Bullish: a bounce here look for a continuation to the range top @ 1.1816. 2: Bearish:A move below 1.1558 look for the support@ 1.1411. Watch the USDX for direction. The ATR for the the pair currently is 83 pips.

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$USDJPY

What ProAct Traders See: Bearish: We are currently sitting @ 113.62 in a range. The pair has gone exactly opposite of the USDX the last 2 weeks, but divergence may bring it back in line with the USDX. We are looking for a break down to the range 0.500 Fibo @ 111.72.Here we could pullback or continue to the 111.00 area.The average daily true range (ATR) for the pair currently is 52 pips.

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$GBPUSD

What ProAct Traders See:We’ll see: We are currently sitting @ 1.3081 in a 4<sup>th</sup> wave. A couple of different scenarios:1:Bullish: a bounce here (IF USDX tureens down) look for a continuation to the day top @ 1.3302. 2: Bearish:A down continuation look for the 3<sup>rd</sup> wave S5 support@ 1.2841 and a bounce for a 4<sup>th</sup> wave correction. Watch the USDX for direction. The average daily true range (ATR) for the pair is 115 pips.

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$AUDUSD – A great smooth currency for Newbie’s!

What ProAct Traders See:Bullish: We are currently sitting @ 0.7229 in a range.We are looking for a continuation here first to the square up @ 0.7336 and then target the range top @ 0.7450 area. The average daily true range (ATR) for the pair currently is 56 pips.

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Posted to Introduction to Forex Tar... on Sep 29, 2018 — 12:09 PM

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