Target Trading in the Forex week of Dec 18th , 2016 EU,UJ,GU,AU

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.0434 in a 3rd wave. We are looking to continue to the S6 support of the Wave @ 1.0186 and then bounce there. The average daily true range (ATR) for the pair currently is 119 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently sitting @ 118.00 at the top of a trend. We are looking to initially correct in a 4th wave at the 0.382 Fibo @ 113.24 and then continue to the Top @ 123.32. 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 @ 1.2473. We are in a day chart 5th wave and currently in a 4th wave correction on the 240-min chart. We are looking to move to the 1.2250 area. The average daily true range (ATR) for the pair currently is 120 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7292. We are looking for a continuation to the bottom @ 0.7010. Watch for a bounce there. The average daily true range (ATR) for the pair currently is 69 pips.

Posted to Introduction to Forex Targe… on Dec 17, 2016 — 10:12 AM
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