GBPUSD channel breakout

Bearish: We are currently @ 1.2941 just out of a channel in a range. IF we can break support here, we are looking for a continuation to the ATR target @ 1.2859 area. The further target is the 0.786 Fibo @ 1.2783. Watch the USDX for direction. The ATR for the pair currently is 124 pips per day.


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GBPCHF channel opportunity

Bullish: We are currently @ 1.1849 in a channel in a range. IF we can break resistance here, we are looking for a continuation to the ATR target @ 1.1919 area. The further target is the R4 Resistance @ 1.1950-55. ...

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EURNZD opportunity

Bearish: We are currently @ 1.7662 in a channel in a range. IF we can bounce off resistance here, we are looking for a continuation to the ATR target @ 1.7600 area. This is the key area for a bounce. ...

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This is what I see in the Forex the week of October 18th , 2020: USDX, EU,UJ,GU,AU

This is what I see in the Forex the week of October 18th , 2020: USDX, EU,UJ,GU,AU http://proacttraders.com/blog - see website for more images #forex #$ #Proacttraders #FX


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GBPUSD opportunity

Bearish: We are currently @ 1.3094 in a corrective move in a range. IF we can break support here, we are looking for a continuation to the ATR target @ 1.3024 area. This is the key area for a bounce. ...

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EURAUD opportunity

Bearish: We are currently @ 1.6724 in a range. IF we can break support here we are looking for a continuation to the ATR target @ 1.6650 area. This is the key area for a bounce or breakout. Watch the ...

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GBPJPY Range Trade

Bearish: We are currently @ 136.57 in a range. IF we can break slope support we are looking for a continuation to the ATR target @ 135.30 area. This is also the Range bottom @ 135.67 area so watch for ...

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GBPCHF Channel Continuation

Bearish: We are currently @ 1.1829 in a range. We are looking for a continuation to the ATR target @ 1.1704 area. This is also the Day chart support so watch for a bounce there. Watch the USDX for direction. ...

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GBPJPY Channel Continuation

Bearish: We are currently @ 136.09 in a range. We have convergence on the 60 min. We are looking for a continuation to the ATR target @ 135.50 area and maybe the 1.270 Fibo @ 135.10. Watch the USDX for ...

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AUDUSD Breakout

Bullish: We are currently @ 0.7185 in a range. We have convergence on the 60 min. We just broke Slope resistance so we are looking for a continuation to the ATR target @ 0.7229 area. Watch the USDX for direction. ...

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GBPJPY reversal

Bearish: We are currently @ 137.38 in a range. We have convergence on the 60 min. IF we can break the 137.30 support area, we are looking for a continuation to the ATR target @ 136.45 area. Watch the USDX ...

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GBPUSD reversal

Bearish: We are currently @ 1.3028 in a range. We have possible convergence on the 60 min. IF we can break the 1.3000 area, we are looking for a continuation to the ATR target @ 1.2913 area. Today is a ...

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Great weekly analysis, very useful and educational.
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