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AUDCHF–channel breakout?

Bearish: Currently we are @ 0.7355 in a range and breaking the channel. IF we can break the support @ 0.7432 we are looking for a continuation to the square up @ 0.7310. The average daily true range (ATR) for the pair currently is 60 pips.

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GBPUSD–channel opportunity?

Bullish: Currently we are @ 1.3153 in a range and in a channel. IF we can bounce on this support we are looking for a continuation to the 0.500 Fibo @ 1.3215 and then to the 0.382 Fibo @ 1.3276 The average daily true range (ATR) for the pair currently is 109 pips.

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GBPAUD–triangle break opportunity?

Bearish: Currently we are @ 1.7711 in a range and in a triangle. IF we can break the triangle and the support here we are looking for a continuation to the 0.786 Fibo @ 1.7649 and then to the double bottom @ 1.7867 The average daily true range (ATR) for the pair currently is 138 pips.

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Selling from a distribution zone in the EURAUD

The EURAUD is trading in a box (range) and currently and the top of it. We are looking for selling setups. However if it breaks the top of the box, look for potential buy trades

 

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GBPCHF–channel opportunity?

Bullish: Currently we are @ 1.3028 in a range and in the start of a channel. We are looking for a continuation to the 0.786 Fibo @ 1.3062 and then to the 0.618 Fibo @ 1.3105. The average daily true range (ATR) for the pair currently is 87 pips.

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Target Trading in the Forex week of July 22nd, 2018 EU UJ GU AU

Note: USDX is Bearish. We have convergence so looking for the continuation to the downside. We are looking for a move to the Range bottom @ 93.669 and a bounce there. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have stayed roughly the same.

$EURUSD

What ProAct Traders See: Bullish: We are currently sitting @ 1.1727 in a range. We are looking to move to the top of the range this week @1.1853xz and then bounce off to continue the range. The ATR for the the pair currently is 73 pips.

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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

Pablo

Had a fantastic time with Pablo

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Texas BBQ Ribs - a little bigger than most

Pablo and Scott Eating ribs at the County Line Restaurant

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GBPAUD–Range opportunity?

Bullish: Currently we are @ 1.7698 in a range and in a triangle. IF we break the channel wall to the upside we are looking for a continuation to the 0.382 Fibo@ 1.7801 and then to the 0.500 equilibrium of the big range @ 1.7855. The average daily true range (ATR) for the pair currently is 135 pips.

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