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Target Trading in the Forex week of 11/19/2017

Note: USDX is weak at the moment- affects the movement below. Most ATR’s are dropping leading to more ranging.

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1797 inside a range. We are looking to finish an a-b-c correction and then continue to the 0.382 Fibo @ 1.11889 and then continue to the 0.214 Fibo @ 1.1980. The average daily true range (ATR) for the pair currently is 59 pips.

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$USDJPY

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GBPJPY- channel

Currently we are @ 148.39 in a down channel. We are looking to continue to the Fibo support @ 147.91. The overall target is 146.93 area. The average daily true range (ATR) for the pair currently is 128 pips.

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November Real Estate of the Month Trade Setup Idea

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

11/14/17 113.35 start

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GBPCHF- 3rd wave

Currently we are @ 1.2989 in a 3rd wave. We are looking to continue to the 0.786 Fibo @ 1.2870 and then bounce. We could bounce at the minor support @ 1.2944. The overall target is 1.2763-91 area. The average daily true range (ATR) for the pair currently is 96 pips.

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EURJPY- Range Trade

Currently we are @ 132.22 in a range. We are looking to continue to the 0.618 Fibo @ 133.61 and then the 0.786 Fibo @ 132.97 and the overall target is 133.41 area. The average daily true range (ATR) for the pair currently is 87 pips.

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