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GBPUSD reversal

Bearish:  We are currently @ 1.4068 after topping out at 1.4099.  The USDX has flipped and we have divergence in play for the down move. We are looking for a move to the ATR Target @ 1.3974 area. A continuation would target the square up @ 1.3880.  Watch the USDX for any change in direction. The ATR for the pair currently is 86 pips per day. 

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GBPJPY reversal

Bearish:  We are currently @ 147.94 just breaking out of a Rising wedge which is bearish. We are looking for a move to the ATR Target @ 146.81 area. A continuation would target the 0.500 Fibo @ 146.17.  Watch the USDX for any change in direction. The ATR for the pair currently is 87 pips per day. 

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This is what I see in the Forex the week of February 21st, 2021: USDX, EU,UJ,GU,AU

Note: USDX: Bearish overall: We are in a channel in a arrange inside a large range. We have the possible start of convergence in play for the down move.  USDX has been oscillating up and down in the smaller range so bear that is mind. ATR’s overall are slightly lower than last week and will change again on Sunday – use as a reference. BE SMART - TRADE WITH STOPS!!!!

$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

EURAUD continuation

Bearish:  We are currently @ 1.5527 in a channel. We are looking for a move to the ATR Target @ 1.5440 area. A continuation would target the 1.618 Fibo  @ 1.5412.  Watch the USDX for any change in direction. The ATR for the pair currently is 95 pips per day. 

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GBPAUD continuation

Bullish:  We are currently @ 1.7927 in a range and a channel We are looking for a move to the ATR Target @ 1.8039 area. A continuation would target the range top @ 1.8070.  Watch the USDX for any change in direction. The ATR for the pair currently is 113 pips per day. 

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GBPAUD continuation

Bullish:  We are currently @ 1.7927 in a range and a channel We are looking for a move to the ATR Target @ 1.8039 area. A continuation would target the range top @ 1.8070.  Watch the USDX for any change in direction. The ATR for the pair currently is 113 pips per day. 

GBPUSD Reversal trade

Bearish:  We are currently @ 1.3902 in a range and just after a rising wedge breakout. We are looking for a move to the ATR Target @ 1.3813 area. A continuation would target the 0.382 Fibo @ 1.3759.  Watch the USDX for any change in direction. The ATR for the pair currently is 91 pips per day. 

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This is what I see in the Forex the week of February 14th , 2021: USDX, EU,UJ,GU,AU http://proacttraders.com/blog - see website for more images #forex #$$ #Proacttraders #FX

Note: USDX: Bearish: We are in a channel. We have the possible start of convergence in play for the down move.  ATR’s overall are the same as last week and will change again on Sunday – use as a reference. BE SMART - TRADE WITH STOPS!!!!

$EURUSD

What ProAct Traders See:  Bullish: We are currently @ 1.2119 in a range and in a new channel. The Flag pattern suggests the continuation here to the Range Top/R5 @ 1.2333.  the USDX for direction. The ATR for the pair currently is 68 pips per day.

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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

EURAUD Channel trade

Bearish:  We are currently @ 1.5633 in a channel. We are looking for a move to the ATR Target @ 1.5586 area. A continuation would target 1.5550. Watch the USDX for any change in direction. The ATR for the pair currently is 110 pips per day. 

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