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GBPUSD Pullback opportunity

Currently we are @ 1.2837 after a pullback. There is still a risk of a further pullback to the slope resistance. We are looking for a continuation to the double bottom @ 1.2700. Watch for a bounce there. The average daily true range (ATR) for the pair currently is 149 pips.

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NZDJPY Breakout opportunity

Currently we are @ 77.007 just breaking out of a channel. We are looking initially for a continuation to the 0.382 Fibo @ 75.666. Watch for a pullback there. The average daily true range (ATR) for the pair currently is 81 pips.

 

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This is what I see the week of November 18th, 2018: USDX, EU,UJ,GU,AU

USDX is still potentially bullish but near a significant top. We have Convergence for a continuation to the downside. Be aware that that could change in a heartbeat and will affect the currencies below. ATR’s have remained steady except for the GBPUSD which has jumped 30 pips a day!

$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

AUDCHF Triangle opportunity

Bullish: Currently we are @ 0.7283 just breaking out of a symmetrical triangle. We are looking initially for a continuation to the square up @ 0.7355. Watch for a pullback there. The average daily true range (ATR) for the pair currently is 56 pips

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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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