Scott Barkley's blog

AUDJPY range trade

Currently we are @ 81.71 in a range. IF we can break the support here, we are looking for a continuation to the support @ 80.77 and our overall target is the square up @ 80.50. The average daily true range (ATR) for the pair currently is 77 pips.

 

 

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EURNZD channel trade

Currently we are @ 1.6511 in a nice channel. IF we can break the support here, we are looking for a continuation to the 0.618 Fibo @ 1.6458 and our overall target is the 1.6401. The average daily true range (ATR) for the pair currently is 129 pips.

 

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EURAUD channel trade

Currently we are @ 1.5839 in a nice channel. We are looking for a continuation to the Day top @ 1.5979 and our overall target is the 1.6069. The average daily true range (ATR) for the pair currently is 116 pips.

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EURUSD channel trade

Bullish: Currently we are @ 1.1366 after finishing the turn.  We are looking for a continuation to the 0.214Fibo @ 1.1439.   The average daily true range (ATR) for the pair currently is 84 pips.

 

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EURNZD 4th wave correction

to Bearish: Currently we are @ 1.6399 after finishing a third wave down. We are looking for a correction to the 0.786 Fibo @ 1.6557. Watch for a reaction down there. The average daily true range (ATR) for the pair currently is 124 pips.

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AUDJPY Wedge breakout

Currently we are @ 83.21 in a range and just out of a rising wedge. IF we can break the support here, we are looking for a continuation to the square up @ 82.56. Watch for a reaction there. The average daily true range (ATR) for the pair currently is 79 pips.

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EURJPY breakout

Currently we are @ 128.67 in a range. IF we can break the support @128.50, we are looking for a continuation to the range bottom @ 127.50. Watch for a reaction there. The average daily true range (ATR) for the pair currently is 94 pips.

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This is what I see the week of December 2nd, 2018: USDX, EU,UJ,GU,AU

USDX is bullish but in a tight range. We have Convergence for a continuation to the upside. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have remained steady except for the GBPUSD which has jumped 30 pips a day!

$EURUSD

What ProAct Traders See: Bearish: We are in a range and are looking for a continuation to the 1.1322 area. We are looking for a continuation to the range bottom @ 1.2000. Watch the USDX for direction. The ATR for the the pair currently is 84 pips.

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$USDJPY

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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

This is what I see the week of December 2nd, 2018: USDX, EU,UJ,GU,AU

USDX is bullish but in a tight range. We have Convergence for a continuation to the upside. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have remained steady except for the GBPUSD which has jumped 30 pips a day!

$EURUSD

What ProAct Traders See: Bearish: We are in a range and are looking for a continuation to the 1.1322 area. We are looking for a continuation to the range bottom @ 1.2000. Watch the USDX for direction. The ATR for the the pair currently is 84 pips.

­­­…………………………………………………

$USDJPY

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What I See in the Forex
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December Real Estate of the Month Trade Setup

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

11/27/18 145.64 start target= 140.00 for 456 Pips

We took the first trade on the pullback. This is a good range opportunity and the target at the bottom is 140.00 which means an opportunity for 456 Pips.

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REOTM

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