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GBPJPY: continuation?

Bearish: Currently we are at 142.72 in a flag pattern inside a range. A continuation here would target the ATR Target @ 141.52 area. There is a double bottom @ 141.25-hold for that. The average daily true range (ATR) for the pair currently is 145 pips with a 180-day ATR of 119 Pips. WATCH THE USDX for more clues.

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GBPUSD: continuation?

Bearish: Currently we are at 1.3109 after the Break of support. A continuation here would target the ATR Target @ 1.3000 area. The average daily true range (ATR) for the pair currently is 122 pips with a 180-day ATR of 96 Pips. WATCH THE USDX for more clues

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Trade of the week

Trade of the week on GBPAUD

Enjoy - Click here

EURJPY: continuation?

​Bearish:Currently we are at 0.8520 on the top of a day chart trend.A continuation here would signal the start of a 5th wave to the downside. Target 1 is the S6 from the 3rd wave and target 2 is the double bottom @ 0.8300 area. The average daily true range (ATR) for the pair currently is 81 pips with a 180-day ATR of 60 Pips.​

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EURGBP: 5th wave?

Bearish: Currently we are at 0.8520 on the top of a day chart trend. A continuation here would signal the start of a 5th wave to the downside. Target 1 is the S6 form the 3rd wave and target 2 is the double bottom @ 0.8300 area. The average daily true range (ATR) for the pair currently is 81 pips with a 180-day ATR of 60 Pips.

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This is what I see in the Forex the week of December 29TH, 2019: USDX, EU,UJ,GU,AU

Note: USDX: Bullish: We are anticipating the continuation of dollar strength after the bounce on the bottom. We have convergence on the 60 min chart (see inset) which is bullish. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are higher than last week. BE SMART - TRADE WITH STOPS!!!!

$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

This is what I see in the Forex the week of December 29TH, 2019: USDX, EU,UJ,GU,AU

USDX: Bearish: We are anticipating the continuation of dollar weakness but we are very close to the bottom. Watch for the bounce. We have convergence on the 60 min chart (see inset) which is bearish. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are much LOWER than last week. BE SMART - TRADE WITH STOPS!!!!

$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

EURGBP: Breakout?

Waiting: Two scenarios: Bullish: a Break of the day chart trend look for a 4th wave move to the 3rd wave S4 @ 0.8787 area) 2: Bearish: A break down here to the 0.8262 area. The average daily true range (ATR) for the pair currently is 69 pips with a 180-day ATR of 58 Pips.

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This is what I see in the Forex the week of December 22nd, 2019: USDX, EU,UJ,GU,AU

USDX: Bullish: We are anticipating the continuation of dollar strength. We have convergence on the 60 min chart (see inset) which is bullish. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are much higher than last week. BE SMART - TRADE WITH STOPS!!!!

$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

Trade of the week Result

Average pip capture was +79 pips

 

Video

 

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