Target Trading in the Forex week of Dec 11th , 2016 EU,UJ,GU,AU

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0521 in a large range and on the bottom of that range. A couple of different scenarios: 1: Bullish: a bounce to the 0.382 Area @ 1.0820 and 2: Bearish: A break down to the 1.270 Fibo support @ 1.0312. The average daily true range (ATR) for the pair currently is 101 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 115.22 on the upper side of a trend. We are looking to finish this wave @ the R8 @ 117.16 and then correct back to the trend wall. The average daily true range (ATR) for the pair currently is 127 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.2571. WE are looking to finish a 4th wave correction before resumption to the 1.270 Fibo @ 1.2904. The average daily true range (ATR) for the pair currently is 115 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7453 in a range. We are looking for a break down and continuation to the range bottom @ 0.7300. Watch for a bounce there. The average daily true range (ATR) for the pair currently is 65 pips.

Posted to Introduction to Forex Targe… on Dec 10, 2016 — 11:12 AM
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