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EURGBP Rising wedge breakout

Bearish: Currently we are @ 0.8641 just out of a Rising wedge(bearish) and in a range. We are looking for a continuation initially to the ATR Target @ 0.8614 and then to the 0.500 Fibo @ 0.8566. The average daily true range (ATR) for the pair currently is 56 pips but its 90 day ATR is 71 pips a day.

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GBPJPY Flag continuation

Bearish: Currently we are @ 154.34 in a flag pattern and in a range. We are looking for a continuation to the 01.618 Fibo @ 144.80 and then the ATR target @ 144.39. The average daily true range (ATR) for the pair currently is 108 pips.

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This is what I see in the Forex the week of April 20th , 2019: USDX, EU,UJ,GU,AU

Note: USDX is the top of a range. We are waiting. MACD is inconclusive at this time – just a little early. Below the 97.754 area we are bearish and above 98.054 we are tentatively bullish. I will show both possibilities below. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are all mostly lower from last week.

$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

GBPUSD continuation

Bearish: Currently we are @ 1.3009 in a range. We are looking for a continuation to the ATR target/range bottom @ 1.2943. The average daily true range (ATR) for the pair currently is 101 pips.

 

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EURGBP Range opportunity

Bearish: Currently we are @ 0.8660 in a possible false breakout and in a rising wedge which is bearish. IF we don’t bounce here, we are looking for a continuation to the ATR target of @ 0.8589. The average daily true range (ATR) for the pair currently is 64 pips.

 

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GBPUSD Triangle opportunity

Bearish: Currently we are @1.3071in a symmetrical triangle and trying to breakout. IF we do, we are looking for a continuation to the ATR target of @ 1.2991 and possibly a continuation to the range bottom @ 1.2979. The average daily true range (ATR) for the pair currently is 108 pips.

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GBPCHF Range opportunity

Currently we are @1.3146 in a range and trying to moving up. We are looking for a continuation to the ATR target of @ 1.3210 and then the question remains a break above to the 1.330. or a reversal back in the range. The average daily true range (ATR) for the pair currently is 114 pips.

 

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This is what I see in the Forex the week of April 14th , 2019:

Note: USDX is in a range. We are waiting. MACD is inconclusive at this time – just a little early but they have the start of a channel to the downside. Watch the reaction @ the 97.020 area for either a continuance or reversal as that is equilibrium. I will show both possibilities below. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are all lower from last week.

$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

GBPUSD breakout opportunity

Currently we are @1.3072 in a range and USDX moving up. We are looking for a breakout here and continuation to the ATR target of @ 1.2973. The average daily true range (ATR) for the pair currently is 114 pips.

 

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Possible Gartley on GJ

Just a heads up

 

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