Target Trading in the Forex week of January 22nd

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0705 in a large channel in a range. We are looking to continue working this channel up to the range top @ 1.0796 and then start a down move. The average daily true range (ATR) for the pair currently is 87 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 114.31. We are looking to initially move to the S6 @ 112.50 and correct there before resumption to the bottom @ 111.38. The average daily true range (ATR) for the pair currently is 144 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.2377. We are in a large range. We are looking to move to the 0.214 Fibo @ 1.2556 area with a continuation to the range top @ 1.2689. The average daily true range (ATR) for the pair currently is 150 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7560 and in a 5th wave. We are looking to the 0.7679 are to top pout and then rollover for a down move. The average daily true range (ATR) for the pair currently is 68 pips.

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$AUDJPY–5th wave continuation?

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$GBPAUD–channel continuation?

Currently we are @ 1.6270 and in a channel. We are looking for a move to the 0.214 Fibo @ 1.6143 and then a continuation to the 1.6004 later this week. The average daily true range (ATR) for ...

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Pay Your Mortgage Trade Idea for January 2017 UPDATE

We started this trade on January 4th at around 84.50 looking for an overall target of 89.86 ( 493 pips potential not counting pullbacks). We have progressed to the first major resistance at 87.73 which means we ...

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Target Trading in the Forex week of January 15th

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$AUDJPY–channel continuation?

Currently we are @ 85.83 and in a channel. This is our Pay Your Mortgage trade for January and are looking for a move to the 1.270 Fibo @ 86.28 and then a continuation to the 86.75 later ...

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$EURUSD–Pennant break?

Currently we are @ 1.0506 and out of a pennant in a down channel. We are looking for a move to the 0.214 Fibo @ 1.0463 and then a continuation to the 1.0372 later this week. The average ...

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$AUDNZD–channel break?

Currently we are @ 1.0530 and out of a well-built down channel. We are looking for a move to the 1.618 Fibo @ 1.0585 and then a continuation to the 1.0700 later this week. The average daily true ...

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December Pay your Mortgage Trade UPDATE

Started this trade on December 6th. 2016 - it is still going our way so we have not exited. Plus 491 pips not counting add ons. Here are the two screenshots.

Now


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Target Trading in the Forex week of January 8th , 2017

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0531 in a large channel. We are anticipating an upward move in USDX which would create further selling pressure on this pair. We are looking to continue initially ...

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$GBPCHF–continuation?

Currently we are @ 1.2521 and in a sideways move. If we can break the 1.2500 we are looking for a move to the 0.500 Fibo @ 1.2404 and then a continuation to the strong support @ 1.2285 ...

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$EURNZD–continuation?

Currently we are @ 1.5019 and have completer the turn at the top of a day chart trend. We are looking for a move to the square up @ 1.4900 and then a continuation to the strong support @ 1.4943 ...

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