Scott Barkley's blog

AUDCHF breakout opportunity

Bearish: Currently we are @ 0.7098 in a big range and reacting at the resistance. IF we can break the current slope support, we are looking for a continuation initially to the 0.500 Fibo @ 0.7017 and then a move to the Day chart bottom @ 0.6881. The average daily true range (ATR) for the pair currently is 90 pips.

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GBPJPY breakout opportunity

Bearish: Currently we are @ 139.32 in a big range and breaking out of a wedge pattern. IF we can break the current support, we are looking for a continuation initially to the 0.382 Fibo @ 138.23 and then a big move to the Day chart bottom @ 135.86. The average daily true range (ATR) for the pair currently is 182 pips.

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EURNZD channel opportunity

Bearish: Currently we are @ 1.6811 in a big range and channel. If we can break the current support, we are looking for a continuation initially to the 0.618 Fibo @ 1.6741 and then a big move to the 2.270 Fibo @ 1.6533. The average daily true range (ATR) for the pair currently is 149 pips.

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EURNZD channel opportunity

Bearish: Currently we are @ 1.6811 in a big range and channel. If we can break the current support, we are looking for a continuation initially to the 0.618 Fibo @ 1.6741 and then a big move to the 2.270 Fibo @ 1.6533. The average daily true range (ATR) for the pair currently is 149 pips.

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This is what I see in the Forex the week of January 13th, 2019: USDX, EU,UJ,GU,AU

Note: USDX is in a range. We are currently bullish due to convergence on the 60 min chart. Watch the reaction @ the 96.710 area for either a continuance or reversal. Be aware that this could change in a heartbeat and will affect the currencies below. ATR’s are higher.

$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

NZDJPY channel opportunity

Bullish: Currently we are @ 73.43 in a big range and channel. We are looking for a continuation initially to the 0.786 Fibo @ 73.81 and then a big move to the top @ 75.00. The average daily true range (ATR) for the pair currently is 98 pips.

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January Real Estate of the Month Trade Setup Idea 01/08/2019:

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

01/08/19 1.6000 start target= 1.5345 for 655 Pips

We are looking to take the first trade on the pullback to the top of the current box. This is a good range opportunity and the target at the bottom is 1.5345 which means an opportunity for 655 Pips.

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real estate of the month

EURAUD Range opportunity

Bearish: Currently we are @ 1.5985 in a big range. IF we can break the support here, we are looking for a continuation initially to the 0.500 Fibo @ 1.5878. This currency is also our Real Estate of the Month Trade setup. The average daily true range (ATR) for the pair currently is 173 pips.

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EURGBP Range opportunity

Bullish: Currently we are @ 0.8879 in a tight range. IF we can break the slope resistance here, we are looking for a continuation to the range top @ 90.73. EURGBP pays 28% more money than the EURUSD. The average daily true range (ATR) for the pair currently is 64 pips.

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AUDJPY 4th wave opportunity

Bullish: Currently we are @ 77.34 in a 4th wave. IF we can break the resistance here, we are looking for a continuation to the trend top @ 78.05-78.65. The average daily true range (ATR) for the pair currently is 139 pips.

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