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$EURGBP range opportunity

Bearish: Currently we are @ 0.8768 after a break of slope support. IF we can break the support here, we are looking for a continuation to the 214 Fibo @ 0.8697 and then 0.8617 and that would finish this move. The average daily true range (ATR) for the pair currently is 67 pips.

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What I See in the Forex

NZDJPY 5th wave bounce

 

Bullish: Currently we are @ 75.26 after a 4th wave. We are looking for a continuation to the 2.270 Fibo @ 76.77 and that would finish this move. The average daily true range (ATR) for the pair currently is 66 pips.

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February Real Estate of the Month Trade Setup Idea 02/04/2019:

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

02/04/19 143.20 start target= 135.86 for 734 Pips

We took the first trade on the break of 143.25. This is a good trending opportunity and the target at the bottom is 135.86 which means an opportunity for 734 Pips.

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real estate of the month

GBPCHF Range opportunity

Bearish: Currently we are @ 1.3012 in a range and a channel. We are looking for a continuation to the 0.500 Fibo @ 1.2953 and we could continue there to 1.2913. The average daily true range (ATR) for the pair currently is 114 pips.

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NZDUSD reversal opportunity

Bearish: Currently we are @ 0.6882 in a range and a channel. We are looking for a reversal to the square up @ 0.6790 and we could bounce there. The average daily true range (ATR) for the pair currently is 59 pips.

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This is what I see in the Forex the week of February 3rd, 2019

Note: USDX is in a range. We are currently bearish due to the down channel, but waiting for an abc pattern to finish before resumption down. Watch the reaction @ the 95.018 area for either a continuance or reversal. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are roughly the same. $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

GBPCHF channel opportunity

Bearish: Currently we are @ 1.3023 in a range and a channel. We are looking for a continuation to the 0.382 Fibo @ 1.2913 and we could bounce there. IF we break that support look to the 0.500 Fibo @ 1.2913. Remember, Brexit can affect this anytime! The average daily true range (ATR) for the pair currently is 120 pips.

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GBPJPY 3rd wave opportunity

Bearish: Currently we are @ 143.22 in a possible 3rd wave. We are looking for a continuation first to the range bottom @ 142.74 and we could bounce there. IF we break that support look to the 0.382 Fibo @ 142.24 and that will confirm the wave. Remember, Brexit can affect this anytime! The average daily true range (ATR) for the pair currently is 160 pips.

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EURGBP 5th wave opportunity

Bearish: Currently we are @ 0.8673 starting a 5th wave. We are looking for a continuation first to the Day chart bottom @ 0.8623 and we could bounce there. IF we break that support look to the 1.270 Fibo @ 0.8499. This is for AFTER the Blexit vote! The average daily true range (ATR) for the pair currently is 80 pips.

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USDCHF channel opportunity

Bearish: Currently we are @ 0.9912 in a range and in a channel. We are looking for a continuation to the 0.500 Fibo @ 0.9854 and we could bounce there. The average daily true range (ATR) for the pair currently is 58 pips.

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