Target Trading in the Forex week of March 20th, 2016 (EU,UJ,GU,AU)

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1275 in a large range. We are looking for a finishing move to the range top @ 1.1401 (maybe 1.1470) then reversal and an overall target of the 0.500 Fibo @ 1.1048. The average daily true range (ATR) for the pair currently is 121 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently @ 111.67. We are ranging and looking for a breakout move first to the 1.270 Fibo and then to the 1.618 Fibo @ 108.73 area. The average daily true range (ATR) for the pair currently is 130 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.4471. We are looking for a 3rd wave continuation to the R6/1.618 Fibo @ 1.4669 then a pullback and resumption to the top @ 1.4846. The average daily true range (ATR) for the pair currently is 155 pips.

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

What ProAct Forex Target Traders See: Aussie is @ 0.7597. We are looking for a 4th wave correction move to the former day support @ 0.7544 then a 5th wave to the overall target of the 1.618 Fibo @ 0.7904. The average daily true range (ATR) for the pair currently is 104 pips.

Posted to Introduction to Forex Targe… on Mar 20, 2016 — 2:03 PM
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