Target Trading in the Forex week of August 6th, 2017

Note: Currently USDX is bullish after NFP


$EURUSD


What ProAct Forex Target Traders See:
We are currently sitting @ 1.1781 after
breaking out of a rising wedge. We are
looking to do a 4th wave down to the trend wall and then decision time. Do they do a 5th wave up or break
out? Target Up: 1.1860 Target down 1.1562.
The average daily true range (ATR) for the pair currently is 91 pips.




————————————————————————--


$USDJPY


What ProAct Forex Target Traders See: We are currently sitting @ 110.68. We are
looking to continue up to the square up 0.618 Fibo @ 11.63 area and watch for a
pullback there before a continuation to the 0.382 Fibo @ 112.82. The average
daily true range (ATR) for the pair currently is 86 pips.


——————————————————————————–



$GBPUSD


What ProAct Forex Target Traders See: We are currently sitting @ 1.3046 after
breaking out of a rising wedge. We are
looking to do a 4th wave down to the trend wall and then decision time. Do they do a 5th wave up or break
out? Target Up: 1.3168 Target down 1.2594.
The average daily true range (ATR) for the pair currently is 91 pips.



——————————————————————————–


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


What ProAct Forex Target Traders See:
We are currently sitting @ 0.7931 after completing a 5th and final
wave up. We have a head and shoulders and
the trend is your friend till it bends. We
are looking initially for a move to the square up @ 0.7854 and then a move to
the trend wall and break out to the double bottom @0.7570. The
average daily true range (ATR) for the pair currently is 81 pips.


Posted to Introduction to Forex Tar... on Aug 05, 2017 — 9:08 AM

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