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Target Trading in the Forex week of 01/28/18

Note: USDX shows weakness but may travel sideways for a while – should affect all USD pairs. ATR’s have really jumped from last week.

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.2421 after finishing a 5th wave. We are now looking for 5 waves to the R6 @ 1.2542. Waiting for the 2nd wave to be established then look to the 0.786 Fibo for this week @ 1.2049. There is a possibility that the 5th wave needs to go higher due to the USDX weakness. The average daily true range (ATR) for the pair currently is 106 pips.

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IC alerts 1/25/208

Here you go

 

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GBPCHF- Breakout

Currently we are @ 1.3430 after topping out in the range. We are looking for a break down to the .500 Fibo @ 1.3327 with the target this week at the 0.786 Fibo @ 1.3239. The average daily true range (ATR) for the pair currently is 85 pips.

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IC alerts 1/24/18

Here they are:

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GBPAUD- channel

Currently we are @ 1.7562 in a nice channel and just breaking the 0.500 Fibo. We are looking for a continuation up to the 0.382 Fibo @ 1.7651 with the target this week at the 0.214 Fibo @ 1.7801. The average daily true range (ATR) for the pair currently is 116 pips.

 

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IC Alerts

Here they are:

 

 

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USDJPY- triangle break

Currently we are @ 110.40 in a potential 3rd wave and just breaking out of the triangle. We are looking for a continuation up to the 1.270 Fibo @ 109.85 with the target this week at the 0.786 Fibo @ 108.94. The average daily true range (ATR) for the pair currently is 77 pips.

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GBPJPY- Channel Trade

Currently we are @ 154.22 in a 5th wave.  We are looking for a continuation up to the 1.270 Fibo @ 154.79 with the target this week at the 1.618 Fibo/R4 @ 155.45. The average daily true range (ATR) for the pair currently is 128 pips.

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Target Trading in the Forex week of 01/21/18$

Note: USDX shows weakness but near the bottom of its trend and may travel sideways for a while – should affect all USD pairs. ATR’s are starting to move up.

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.2233 in a 5th wave and in a sideways move which is continued bullish bias. We are looking for continuation of a 5th wave to the R6 @ 1.2542. The average daily true range (ATR) for the pair currently is 89 pips.

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$USDJPY

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