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USDCHF topping out

Bearish: Currently we are @ 101.30 in a rising wedge. IF we can break that we are looking initially for a continuation to the former day chart top @ 1.0049 and ultimately a move to the 0.500 Fibo @ 0.9988. The average daily true range (ATR) for the pair currently is 62 pips..

 

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This is what I see the week of November 4th 2018: USDX, EU,UJ,GU,AU

USDX is still potentially bullish but near a significant top. We have Divergence for a potential reversal at the 97.76. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have remained steady.

$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

EURJPY over the top

Bullish: Currently we are @ 129.92 in a range and a channel. We have a significant top at the 130.15 area but…IF we can break that we are looking initially for a continuation to the 1.270 Fibo @ 130.50 and ultimately a move to the 1.618 Fibo @ 130.95. The average daily true range (ATR) for the pair currently is 100 pips.

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November Real Estate of the Month Trade Setup Idea 11/06/2018

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

11/06/18 1.8110 start target= 1.7461 for 649 Pips

We took the first trade on the pullback to finish a 4th wave a-b-c pattern. This is a good trending opportunity and the target at the bottom is 1.7461 which means an opportunity for 649 Pips. We also have a larger target at the Day chart bottom @ 1.7287 which could add an additional 174 pips to the opportunity.

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REOTM

EURGBP reversal

Bullish: Currently we are @ 0.8740 in a range. We have just broken out of a Falling wedge pattern and we are looking initially for a continuation to the 0.382 Fibo @ 0.8788 and ultimately a move to the range top @ 0.8950. The average daily true range (ATR) for the pair currently is 55 pips.

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GBPUSD channel

Bullish: Currently we are @ 1.3080 in a channel in a range. We are looking for a continuation to the Flag target @ 1.3151 and then a move to the top @ 1.3270. FOMC will slow most USD pairs down this week. The average daily true range (ATR) for the pair currently is 117 pips

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Real Estate of the Month October

Here is the before and after of this trade.  Traders reported 1300+ pips taken.

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REOTM
REOTM

EURUSD channel

Bearish: Currently we are @ 1.1373 in a channel in a range. We are looking for a break of slope 0.214 Fibo here and then a continuation to the Day chart support @ 1.1299 and then bounce. The average daily true range (ATR) for the pair currently is 77 pips.

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This is what I see the week of November 4th 2018: USDX, EU,UJ,GU,AU

USDX is still potentially bullish. We have a MACD zero-line break for an up move after a bounce on the 0.500 Fibo. This means we are just a little early to be sure of the movement so Waiting is the best option. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have remained steady.

$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

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