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This is what I see the week of October 21st 2018

USDX is still potentially bearish but in a range. We have a MACD zero-line break for a down move, but it may be short lived. That being said, we are anticipating the down move on the USDX. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have remained steady so still summer like trading.

$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

EURUSD continuation

Bearish: Currently we are @ 1.506 in a range. We are looking for a continuation to the 1.1458 square up area then a continuation up to the 0.786 Fibo @ 1.1411. The average daily true range (ATR) for the pair currently is 79 pips.

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GBPUSD Channel breakout

Bearish: Currently we are @ 1.3115 and just broke out of the up channel in a range. We are looking for a continuation to the 1.3046 area then a continuation up to the range bottom @ 1.2907. The average daily true range (ATR) for the pair currently is 103 pips.

 

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October Real Estate of the Month Trade Setup Idea 10/16/2018:

This month's ProAct Traders “Real estate of the month” (formerly the pay your mortgage trade) idea is found in the GBPJPY pair.

10/16/18 148.14 start target= 141.56 for 658 Pips

We took the first trade on the pullback to the 0.214 Fibo AFTER the top pattern and are up 25 pips. This is a good range areal and the target at the bottom is 141.56 which means an opportunity for 658 Pips. The previous up move exceeded that total.

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REOTM

GBPAUD 4th wave correction

Bearish to Bullish: Currently we are @ 1.8518 and in a 4th corrective wave. We are looking for a continuation to the 1.8370 area then a bounce for a continuation up to the 0.214 Fibo @ 1.8579. The overall target is 1.8933. The average daily true range (ATR) for the pair currently is 164 pips.

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AUDJPY Triangle break

Bullish: Currently we are @ 79.85 and in a range and triangle pattern. We are looking for a continuation to the 0.382 Fibo @ 80.41 then a continuation to the 0.500 Fibo @ 80.79. The average daily true range (ATR) for the pair currently is 76 pips.

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This is what I see the week of October 14th

USDX is still potentially bearish but in a range. We have a zero-line break for an up move, but it may be short lived, so we are also anticipating the down move on the USDX. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have remained steady so still summer like trading.

$EURUSD

Image(s): 
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

Bullish: Currently we are @ 1.3227 and in a range and channel. We are looking for a continuation to the DAY top @ 1.3302 then a bounce back to the 0.214 Fibo @ 1.3219. The average daily true range (ATR) for the pair currently is 111 pips.

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AUDCHF Continuation

Bearish: Currently we are @ 0.7043 and in a range and channel. We are looking for a continuation to the 0.786 Fibo @ 0.6930 then a bounce @ 0.6900. The average daily true range (ATR) for the pair currently is 54 pips.

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