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GBPJPY Flag Pattern Opportunity

Bullish: Currently we are @ 144.71 and in consolidation in a flag pattern. We are looking for a breakout of the flag and then the continuation to the 1.618 Fibo @ 146.37. The overall target is the R6 @ 147.15 area. The average daily true range (ATR) for the pair currently is 119 pips.

 

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GBPUSD After FOMC Opportunity

 

Currently, we are @ 1.3033 as the pair positions itself prior to FOMC. Two scenarios: Bullish: a bounce will target the 1.3150 area based on its ATR. 2: Bearish: A breakout here would set up a nice move to the support/psychological number @ 1.2900 area. The average daily true range (ATR) for the pair currently is 88 pips.

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EURGBP Opportunity

Bearish: currently we are @ 0.8718. IF we can break the support here, we are looking for a continuation to the Day chart bottom @ 0.8623 and possibly to the 0.8900. The average daily true range (ATR) for the pair currently is 54 pips.

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This is what I see in the Forex the week of February 17th, 2019

Note: USDX is in a range.  We are currently bearish after the zero-line break on the MACD showing convergence to the downside.  Watch the reaction @ the 96.671 area and also 96.188 for either a continuance or reversal.  Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are slightly lower except for GBPUSD which is substantially lower. 

$EURUSD

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What I See in the Forex
Blog Post
What I See in the Forex
What I See in the Forex

EURGBP Triangle Opportunity

Bullish: currently we are @ 0.8804 just out of the triangle. IF we can break the resistance here

we are looking for a continuation to the 0.500 Fibo @ 0.8868 and possibly to the 0.8900. The average daily true range (ATR) for the pair currently is 65 pips.

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GBPUSD Channel Continuation Opportunity

Bearish: currently we are @ 1.2912 in a channel. IF we can break the support here @ 1.2900, we are looking for a continuation to the 0.618 Fibo @ 1.2767. The average daily true range (ATR) for the pair currently is 94 pips.

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GBPCHF Channel Break Opportunity

Bullish: currently we are @ 1.2990 and just out of the channel. We are looking for a continuation to the double top @ 1.3064 and possibly to the range top @ 1.3124. The average daily true range (ATR) for the pair currently is 95 pips.

 

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CADJPY Channel Opportunity

Bullish: currently we are @ 83.05 and back in the channel. is currently @ 141.96 and back in the channel. We are looking for a continuation to the double top @ 83.97 and possibly to the overall target @ 85.01 and that might finish this move. The average daily true range (ATR) for the pair currently is 68 pips.

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This is what I see in the Forex the week of February 10th, 2019:

Note: USDX is in a range. We are currently bullish but close to a potential top. Watch the reaction @ the 97.435 area and also 98.250 for either a continuance or reversal. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are slightly lower.

$EURUSD

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What I See in the Forex
What I See in the Forex
What I See in the Forex
What I See in the Forex
What I See in the Forex

GPPJPY REOTM UPDATE

Our Real Estate of the Month Swing trade started @ 143.34 is currently @ 141.96 and continuing the trend. We anticipate that they will close one candle below this support for the continuation next week. IF we can break the support here, we are looking for a continuation of the 5th wave to the S4 support of this wave @ 140.30 and possible to the 5th wave overall target @ 139.60 and that might finish this move. Still 3 nice Wide-Open Spaces still to add on. A possibility that we might extend this to the S5 @ 138.86.

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real estate of the month
real estate of the month

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