Target Trading in the Forex week of September 10th, 2017
|Note: Currently USDX is bearish
$EURUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.2027 in a 5th wave. We are looking to continue to the R6 @ 1.2772. The average daily true range (ATR) for the pair currently is 87 pips.
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$USDJPY
What ProAct Forex Target Traders See: We are currently sitting @ 107.77 in a 5th wave. We are looking to break the significant support and continue initially to the support @ 106.89 and then to the S6 @ 104.57. The average daily true range (ATR) for the pair currently is 89 pips.
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$GBPUSD
What ProAct Forex Target Traders See: We are currently sitting @ 1.3201. We are in a range. We are looking to break the triangle and continue initially to the 0.786 Fibo @ 1.2734. IF we can break the range top look to the 1.270 Fibo @ 1.3447 as the top. If the range holds, look for a move back to 1.3000 area. The average daily true range (ATR) for the pair currently is ONLY 76 pips.
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$AUDUSD – A great smooth currency for Newbie’s!
What ProAct Forex Target Traders See: We are currently sitting @ 0.8053 in a corrective wave. We are looking to finish the correction (4th wave) and then continue up to the R5 @ 0.8247. The average daily true range (ATR) for the pair currently is 69 pips.
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