Bearish:  We are currently @ 1.2244 near the top of a 5th wave. We are looking for a continuation to the ATR target@ 1.2113 area and then the S6 @ 1.2057 area. Watch the USDX for any change in direction. The ATR for the pair currently is 164 pips per day and its 180 day average is 147 pips per day. USDX is currently up at the time of this post.   #GBPUSD GBPUSD 5th wave continuation.jpg The 4 Things you must know in the Forex: http://proacttraders.com/ebook ..read more

Bullish:  We are currently @ 1.2188 after a channel wall bounce. We are looking for a continuation to the ATR target@ 1.2323 area and then the 0.618 Fibo @ 1.2352 area. Watch the USDX for any change in direction. The ATR for the pair currently is 141 pips per day and its 180 day average is 133 pips per day. USDX is currently also possibly topping out at the time of this post.   #GBPUSD GBPUSD poised to continue the channel.jpg The 4 Things you must know in the Forex: http://proacttraders.com/ebook ..read more

Bearish:  We are currently @ 140.44 after a break out of the a-b-c corrective move. We are looking for a continuation to the ATR target@ 39.58 area and then the support @ 139.40 area. Watch the USDX for any change in direction. The ATR for the pair currently is 149 pips per day and its 180 day average is 150 pips per day. USDX is currently also possibly topping out at the time of this post.   #EURJPY EURJPY breakout opportunity.jpg The 4 Things you must know in the Forex: http://proacttraders.com/ebook ..read more

Bearish:  We are currently @ 134.47 after putting in a head and shoulders reversal pattern. IF we complete the neckline breakout, we are looking for a continuation to the ATR target@ 133.31 area and then the 0.382 Fibo @ 1131.82 area. Watch the USDX for any change in direction. The ATR for the pair currently is 123 pips per day and its 180 day average is 117 pips per day. USDX is currently also topping out at the time of this post.   #USDJPY The 4 Things you must know in the Forex: http://proacttraders.com/ebook USDJPY topping out.jpg ..read more

Bearish:  We are currently @ 1.7460 in a range. IF we complete this breakout, we are looking for a continuation to the ATR target@ 1.7344 area and then the S6 @ 1.7238 area. Watch the USDX for any change in direction. The ATR for the pair currently is 149 pips per day and its 180 day average is 153 pips per day. USDX is currently up at the time of this post.   #GBPAUD GBPAUD Breakout opportunity.jpg ..read more

Note: USDX: Bullish – We are looking to continue this up movement, but it is close to a top and may only be the setup for the short.  The USD pairs should prove it out when the market opens.  All of this could change in a heartbeat and will affect the currencies below. ATR’s are slightly lower than last week. BE SMART - TRADE WITH STOPS!!!! usdx-ws-22.jpg #EURUSD What ProAct Traders See:  Bearish: We are currently @ 1.0522 in the bottom of a channel which is bearish.  With Dollar UP, we are looking for a pullback and then a continuation of a 5th wave to the S5 @ 1.0410 ..read more

Bullish:  We are currently @ 1.2541 in a range. We are looking for a continuation to the ATR target@ 1.2650 area and then the range top @ 1.2680 area. Watch the USDX for any change in direction. The ATR for the pair currently is 106 pips per day and its 180 day average is 107 pips per day. USDX is currently down at the time of this post.   #GBPUSD GBPUSD Breakout opportunity.jpg ..read more

Bullish:  We are currently @ 86.63 in a channel. We are looking for a continuation to the Day chart top @ 96.93 and the ATR target @ 87.17 area. Watch the USDX for any change in direction. The ATR for the pair currently is 104 pips per day and its 180 day average is 97 pips per day. USDX is currently down at the time of this post.   #NZDJPY NZDJPY Ready to take the top.jpg   ..read more

Bullish:  We are currently @ 1.7443 in a channel in a range. IF we can break resistance here, we are looking for a continuation to the ATR target @ 1.7554 area and then the massive resistance @ 1.7655 area. Watch the USDX for any change in direction. The ATR for the pair currently is 134 pips per day and its 180 day average is 142 pips per day. USDX is currently up at the time of this post.   #GBPAUD GBPAUD Range opportunity.jpg The 4 Things you must know in the Forex: http://proacttraders.com/ebook ..read more

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