Blog | ProAct Traders

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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AUDNZD triangle break

Currently we are @ 1.0646 in a range and just out of the triangle. IF we can break the support here, we are looking for a continuation to the 1.270 fibo @ 1.0550. Watch for a reaction there. The average daily true range (ATR) for the pair currently is 60 pips.

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$EURJPY Range opportunity

Bullish: Currently we are @ 128.78 in a range. IF we can break the resistance @ 129.00, we are looking for a continuation to the range top @ 130.15. Watch for a reaction there. The average daily true range (ATR) for the pair currently is 95 pips

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This is what I see the week of November 24th, 2018: USDX, EU,UJ,GU,AU

Note: USDX is bullish but near a significant top. We have Convergence for a continuation to the upside. Be aware that that could change in a heartbeat and will affect the currencies below.

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GBPUSD Pullback opportunity

Currently we are @ 1.2837 after a pullback. There is still a risk of a further pullback to the slope resistance. We are looking for a continuation to the double bottom @ 1.2700. Watch for a bounce there. The average daily true range (ATR) for the pair currently is 149 pips.

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NZDJPY Breakout opportunity

Currently we are @ 77.007 just breaking out of a channel. We are looking initially for a continuation to the 0.382 Fibo @ 75.666. Watch for a pullback there. The average daily true range (ATR) for the pair currently is 81 pips.

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This is what I see the week of November 18th, 2018: USDX, EU,UJ,GU,AU

USDX is still potentially bullish but near a significant top. We have Convergence for a continuation to the downside. 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

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AUDCHF Triangle opportunity

Bullish: Currently we are @ 0.7283 just breaking out of a symmetrical triangle. We are looking initially for a continuation to the square up @ 0.7355. Watch for a pullback there. The average daily true range (ATR) for the pair currently is 56 pips

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USDCHF topping out

Bearish: Currently we are @ 101.30 in a rising wedge. IF we can break that we are looking initially for a continuation to the former day chart top @ 1.0049 and ultimately a move to the 0.500 Fibo @ 0.9988. The average daily true range (ATR) for the pair currently is 62 pips..

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This is what I see the week of November 4th 2018: USDX, EU,UJ,GU,AU

USDX is still potentially bullish but near a significant top. We have Divergence for a potential reversal at the 97.76. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have remained steady.

$EURUSD

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