Target Trading in the Forex week of September 4th, 2017

Note: Currently USDX is bearish but also showing divergence
to move up – affects the direction below


$EURUSD


What ProAct Forex Target Traders See:
We are currently sitting @ 1.1899 in a symmetrical
triangle. A couple of different
scenarios 1: We are looking to continue up in a 5th wave to the R6 @
1.2272 and 2: Bearish: A break down to the double bottom support @ 1.1662. Clues come from the USDX. The average daily
true range (ATR) for the pair currently is 79 pips.


————————————————————————--


$USDJPY


What ProAct Forex Target Traders See: We are currently sitting @ 109.54 almost
equal to last week’s start. We are
looking to break the significant support and continue initially to the 1.270
Fibo @ 107.95 and then to the 1.618 Fibo @ 107.12. The average daily true range (ATR) for the
pair currently is 76 pips.


——————————————————————————–



$GBPUSD


What ProAct Forex Target Traders See: We are currently sitting @ 1.2923. We are in
a range. We are looking to break the
triangle and continue initially to the 0.786 Fibo @ 1.2734. Overall, we are aiming for the double bottom @
1.2587. The average daily true range (ATR) for the pair currently is ONLY 64 pips.


——————————————————————————–


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


What ProAct Forex Target Traders See:
We are currently sitting @ 0.7954 in another range. A couple of different scenarios 1: We are
looking to continue up to the range top @ 0.8067 and 2: Bearish: A break down
to the double bottom support @ 0.7809.
Clues come from the USDX. The
average daily true range (ATR) for the pair currently is 54 pips.


Posted to Introduction to Forex Tar... on Sep 04, 2017 — 9:09 PM

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