Target Trading in the Forex week of July 8th, 2018 EU UJ GU AU

Note: USDX is Bearish.We expect a 5-wave pattern in our world (ABC in the big world) to 92.920. If we get a bounce at the 93.669 It may be doing a range.Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have dropped a little bit.

$EURUSD

What ProAct Traders See: Bullish: We are currently sitting @ 1.1744 in a range but possible trying to trend. We are looking to move to the top of the range this week.We are looking for a move to the Range top @ 1.1853 and then POSSIBLY a continuation to the 1.270 Fibo @ 1.1946 the pair currently is 88 pips.

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$USDJPY

What ProAct Traders See: Bearish: We are currently sitting @ 110.61 in a Box in a range. We are looking to break this box and continue the move to the square up @ 109.92 and then a continuation to the range bottom @ 108.00.The average daily true range (ATR) for the pair currently is 63 pips.

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$GBPUSD

What ProAct Traders See:Bullish: We are currently sitting @ 1.3272 in a range and may be trying to trend.If we break the 1.3500 then that will confirm a trending move to the 1.3688 area.We are looking for a continuation to the Fibo’s @ 1.3382 and then to the 1.618 Fibo @ 1.3476. The average daily true range (ATR) for the pair is 98 pips.

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

What ProAct Traders See:Bullish: We are currently sitting @ 0.7429 (9 pips from this time last week) in a range after breaking the falling wedge. We are looking for a continuation to the square up @ 0.7532 and then MAYBE to the 0.786 Fibo @ 0.7599.The average daily true range (ATR) for the pair currently is 61 pips.

Posted to Introduction to Forex Tar... on Jul 07, 2018 — 11:07 AM

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