Target Trading in the Forex week of March 13th, 2016 (EU,UJ,GU,AU)

$EURUSD

What ProAct Forex Target Traders See: We are currently sitting @ 1.1158 in a large range. We are looking for a finishing move to the range top @ 1.1377 then reversal and an overall target of the 0.500 Fibo @ 1.1048. The average daily true range (ATR) for the pair currently is 110 pips.

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$USDJPY

What ProAct Forex Target Traders See: We are currently @ 113.71. We are ranging and looking for a move first to the 0.786 Fibo and then to the range bottom @ 111.00 area. The average daily true range (ATR) for the pair currently is 126 pips.

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$GBPUSD

What ProAct Forex Target Traders See: Cable is currently @ 1.4387. We are looking for a 3rd wave move to the 1.618 Fibo @ 1.4560 then a pullback and resumption to the Day top @ 1.4654. The average daily true range (ATR) for the pair currently is 131 pips.

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$AUDUSD – A great smooth currency for Newbie’s!

What ProAct Forex Target Traders See: Aussie is @ 0.7571. We are looking for a 3rd wave finishing move to the 1.270 Fibo @ 0.7673 then a 4th wave pullback and an overall target of the 1.618 Fibo @ 0.7904. The average daily true range (ATR) for the pair currently is 88 pips.

Posted to Introduction to Forex Targe… on Mar 11, 2016 — 5:03 PM
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