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Target Trading in the Forex week of June 3rd, 2018

Note: USDX is barely BULLISH (for now) but appears to be topping out. If so (?) this move up will be the head of a head and shoulders reversal pattern. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have increased for only a few pairs.

$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

AUDUSD– Back in the channel?

BULLISH: Currently we are @ 0.7890 back in the channel. We have a small retracement and are now looking for a continuation to the 1.270 Fibo @ 0.7614 and then to the 1.618 Fibo @ 0.7652. Watch for the pullback there. The average daily true range (ATR) for the pair currently is 59 pips.

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Real Estate of the Month Trade Result- May

We finished the trade with 395 pips with traders reporting as much as 1,360 pips with add ons

 

Before and after screenshots as shown

Image(s): 
REOTM
REOTM-Result

GBPUSD– BOUNCE?

BULLISH: Currently we are @ 1.3289 in the bottom of a range. We have a small bounce and are looking for a continuation to the 0.786 Fibo @ 1.3486. The average daily true range (ATR) for the pair currently is 95 pips.

 

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EURGBP– Breakdown

Bearish: Currently we are @ 0.8715 in the bottom of a range. We are looking for a continuation to the 0.786 Fibo @ 0.8669 and then a continuation to the Day support @ 0.8622 as the overall target this week. The average daily true range (ATR) for the pair currently is 49 pips but it pays 33% more money than the EURUSD.

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Target Trading in the Forex week of May 29th, 2018

Note: USDX is BULLISH (for now) in a 5th wave continuation. Be aware that that could change in a heartbeat and will affect the currencies below. WE are very close to the possible completion of this wave @ 85.714. ATR’s have increased for only a few pairs.

$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

EURUSD– PULLBACK?

Bearish overall: Currently we are @ 1.1735 in the bottom of a channel. We are looking for a pullback to the 0.382 Fibo @ 1.1823 and then a continuation initially to the Day support @ 1.1677 and an overall target this week of 1.1634. The average daily true range (ATR) for the pair currently is 86 pips

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EURAUD– continuation?

Bearish: Currently we are @ 1.5533 back in the channel. We are looking for a continuation initially to the 1.618 Fibo @ 1.5472 and an overall target this week of 1.5410. The average daily true range (ATR) for the pair currently is 84 pips.

Image(s): 
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