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GBPCHF channel opportunity

By Pro Act Traders — Forex Educators

Bearish: Currently we are @ 1.3023 in a range and a channel. We are looking for a continuation to the 0.382 Fibo @ 1.2913 and we could bounce there.IF we break that support look to the 0.500 Fibo @ 1.2913. Remember, Brexit can affect this anytime! The average daily true range (ATR) for the pair currently is 120 pips.


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Posted to Introduction to Forex Targe… on 01/31/19 at 08:44:21 Comments

GBPJPY 3rd wave opportunity

By Pro Act Traders — Forex Educators

Bearish: Currently we are @ 143.22 in a possible 3<sup>rd</sup> wave. We are looking for a continuation first to the range bottom @ 142.74 and we could bounce there.IF we break that support look to the 0.382 Fibo @ ...

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Posted to Introduction to Forex Targe… on 01/30/19 at 08:42:32 Comments

EURGBP 5th wave opportunity

By Pro Act Traders — Forex Educators

Bearish: Currently we are @ 0.8673 starting a 5<sup>th</sup> wave. We are looking for a continuation first to the Day chart bottom @ 0.8623 and we could bounce there.IF we break that support look to the 1.270 Fibo @ 0.8499. ...

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Posted to Introduction to Forex Targe… on 01/29/19 at 08:39:10 Comments

USDCHF channel opportunity

By Pro Act Traders — Forex Educators

Bearish: Currently we are @ 0.9912 in a range and in a channel. We are looking for a continuation to the 0.500 Fibo @ 0.9854 and we could bounce there.The average daily true range (ATR) for the pair currently is ...

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Posted to Introduction to Forex Targe… on 01/28/19 at 08:39:16 Comments

This is what I see in the Forex the week of January 27th, 2019

By Pro Act Traders — Forex Educators

Note: USDX is in a range.We are currently bearish due to breakout of the former channel up. Watch the reaction @ the 95.018 area for either a continuance or reversal.Be aware that this could change in a heartbeat and will ...

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Posted to Introduction to Forex Targe… on 01/26/19 at 10:31:32 Comments

EURUSD Bounce point

By Pro Act Traders — Forex Educators

Bearish: Currently we are @ 1.1316 in a big range and back in the channel. We are looking for a continuation to the Day chart bottom @ 1.1270 and we could bounce there.If not watch for a continuation to the ...

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Posted to Introduction to Forex Targe… on 01/24/19 at 08:57:26 Comments

AUDCHF Rising Wedge breakout

By Pro Act Traders — Forex Educators

Bearish: Currently we are @ 0.7117 in a big range and out of the rising wedge pattern. IF we can break the 0.214 Fibo support, we are looking for a continuation initially to the 0.382 Fibo @ 0.7005 and then ...

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Posted to Introduction to Forex Targe… on 01/23/19 at 08:45:17 Comments

EURAUD Range Continuation

By Pro Act Traders — Forex Educators

Bearish: Currently we are @ 1.5924 in a big range and at the slope support. IF we can break the support, we are looking for a continuation initially to the range bottom @ 1.5800 and then a move to the ...

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Posted to Introduction to Forex Targe… on 01/22/19 at 08:43:18 Comments

NZDAUD Rising wedge breakout /continuation

By Pro Act Traders — Forex Educators

Bearish: Currently we are @ 0.6721 in a big range and reacting at the support. IF we can break the support, we are looking for a continuation initially to the 0.618 Fibo @0.6659 and then a move to the 0.786 ...

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Posted to Introduction to Forex Targe… on 01/21/19 at 08:39:49 Comments

GBPAUD breakout opportunity

By Pro Act Traders — Forex Educators

Bullish: Currently we are @ 1.5012 trying to break out of a big range and reacting at the resistance. IF we can break the resistance, we are looking for a continuation initially to the 1.8100 and then a move to ...

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Posted to Introduction to Forex Targe… on 01/17/19 at 08:39:36 Comments

AUDCHF breakout opportunity

By Pro Act Traders — Forex Educators

Bearish: Currently we are @ 0.7098 in a big range and reacting at the resistance. IF we can break the current slope support, we are looking for a continuation initially to the 0.500 Fibo @ 0.7017 and then a move ...

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Posted to Introduction to Forex Targe… on 01/16/19 at 08:49:04 Comments

GBPJPY breakout opportunity

By Pro Act Traders — Forex Educators

Bearish: Currently we are @ 139.32 in a big range and breaking out of a wedge pattern. IF we can break the current support, we are looking for a continuation initially to the 0.382 Fibo @ 138.23 and then a ...

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Posted to Introduction to Forex Targe… on 01/15/19 at 08:43:32 Comments
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