Scott Barkley's Blog Posts Tagged 'eurusd' (155)

Target Trading in the Forex upcoming week of July20, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3525 IF we can take out the former support @ 1.3491.  We are looking for breakdown to the support at 1.3385. The average daily true range (ATR) for the pair currently is 39 pips.…

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Added by Scott Barkley on July 19, 2014 at 3:25pm — No Comments

Target Trading in the Forex upcoming week of July13, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3609 and view this  as a corrective wave.  We are looking for breakdown to the support at 1.3500. The average daily true range (ATR) for the pair currently is 38 pips.…

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Added by Scott Barkley on July 12, 2014 at 3:02pm — No Comments

Target Trading in the Forex upcoming week of July6, 2014

This is early due to the USA holiday weekend

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3589 after a breakout down of the corrective wave.  We are looking for continuation to the heart line of the current trend around 1.3450 and then maybe 1.3387.  The average daily true range (ATR) for the pair currently is 43 pips.

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Added by Scott Barkley on July 4, 2014 at 2:04pm — No Comments

Target Trading in the Forex upcoming week of June 29, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3695 after a breakout down.  We are looking for continuation to the heart line of the current trend around 1.3475 and then 1.3387.  There is a big target at 1.3175.  The average daily true range (ATR) for the pair currently is 48 pips.…

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Added by Scott Barkley on June 29, 2014 at 11:42pm — No Comments

Target Trading in the Forex upcoming week of June 22, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3598 after a breakout down.  A couple of different scenarios:  1:  bullish: a corrective move to the chart trend line @ 1.3726 area) and then look to the S6 @ 1.3387.  2: Bearish : A break down here to the S6 @ 1.3387 with a further target @ 1.3225. The average daily true range (ATR) for the pair currently is 60 pips.

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Added by Scott Barkley on June 21, 2014 at 4:05pm — No Comments

Target Trading in the Forex upcoming week of June 15, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3539 after a breakout down.  Looking for another push down to the S6 @1.3387.  Be prepared for the corrective move back north though.  The average daily true range (ATR) for the pair currently is 56 pips.…

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Added by Scott Barkley on June 14, 2014 at 4:02pm — No Comments

Target Trading in the Forex upcoming week of June 8, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3645 after a breakout down.  Looking for early move back to around 1.3735 and then another push down.  Be prepared for the breakout back north though.  The average daily true range (ATR) for the pair currently is 39 pips.…

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Added by Scott Barkley on June 6, 2014 at 9:17pm — No Comments

Target Trading in the Forex upcoming week of June 1, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3632 after a violent correction from the rising wedge which we alerted to.  The correction is on the 0.786 Fibo which is a definite bounce point so watch for a move back up – which may be short-lived.  If we do not get the bounce look for the 1.3473 Day chart target down.  The average daily true range (ATR) for the pair currently is 63 pips.…

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Added by Scott Barkley on May 31, 2014 at 3:19pm — No Comments

Target Trading in the Forex upcoming week of May 18, 2014

Note: I am traveling for My daughter’s wedding – will not be able to post again until the 28th!

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3716 after a violent correction.  The correction should set up a run back  to the 5th wave R5 @ 1.4024 with a stall at 1.3850 area.  The average daily true range (ATR) for the pair currently is 63 pips.…

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Added by Scott Barkley on May 17, 2014 at 1:18pm — No Comments

Target Trading in the Forex upcoming week of May 11, 2014

Note: the continuing pattern of lower and lower ATR’s makes the outer targets harder to reach.

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3755 after massive stops were run over on Friday (square up day).  We said this last week “… this could turn bearish in a heartbeat”.   The break back into the former downtrend suggests a continuation to the S5 @ 1.3617 with a stall at 1.3665-72.  The average daily true range (ATR) for the pair…

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Added by Scott Barkley on May 10, 2014 at 2:29pm — No Comments

Target Trading in the Forex upcoming week of May 4, 2014

Note: the continuing pattern of lower and lower ATR’s makes the outer targets harder to reach.

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3872.  We were able to get the gap closed and we continue to hover above the 1.3850.  While this should turn bearish in a heartbeat we will look for the pair to continue the slow laborious ascent inside the channel to 1.4042.  A breakdown will target the R2 at around 1.3768.  The average daily…

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Added by Scott Barkley on May 3, 2014 at 3:17pm — No Comments

Target Trading in the Forex upcoming week of April 27, 2014

Note: the continuing pattern of lower and lower ATR’s makes the outer targets harder to reach.

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3813.  We were unable to even get the gap closed all week so we are looking for a continued move DOWN to the 1.3723 area and a breakout would target the 1.3665.  We may still have one higher move to fill the gap.  The average daily true range (ATR) for the pair currently is now down to only 51…

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Added by Scott Barkley on April 26, 2014 at 1:42pm — No Comments

Target Trading in the Forex upcoming week of April 20, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3813.  We were unable to even get the gap closed so we are looking for a continued move DOWN to the 1.3723 area and a breakout would target the 1.3665.  We may still have one higher move to fill the gap.  The average daily true range (ATR) for the pair currently is now down to only 64 pips.…

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Added by Scott Barkley on April 19, 2014 at 1:59pm — No Comments

Target Trading in the Forex upcoming week of April 13, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3883.  We are looking for a continued move to the 1.3968  area and maybe a higher move to the R5   Resistance @ 1.4016.  The average daily true range (ATR) for the pair currently is 72 pips.…

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Added by Scott Barkley on April 12, 2014 at 1:22pm — No Comments

Target Trading in the Forex upcoming week of April 6, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3703.  We are looking for a continued move to the 1.3636 ish area (Day chart bottom) and then a bounce back to the 1.3700.  The average daily true range (ATR) for the pair currently is 72 pips.…

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Added by Scott Barkley on April 5, 2014 at 2:10pm — No Comments

Target Trading in the Forex upcoming week of March 30, 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3756.  We are looking for a continued correction to the 1.3650 ish area and then a bounce back to the 1.4000.  The average daily true range (ATR) for the pair currently is 77 pips.…

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Added by Scott Barkley on March 30, 2014 at 7:15pm — No Comments

Target Trading in the Forex upcoming week of March 23rd , 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3797.  We said last week “look for the correction back to 1.3800.”.  Decision time: We are potentially starting a large downtrend but also at a bounce point and a break of the 1.3750 will confirm a move to the day chart Trend around 1.3665- 1.3591.  A bounce we will look for the top @ 1.4000.  The average daily true range (ATR) for the pair currently is 79 pips.

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Added by Scott Barkley on March 22, 2014 at 1:43pm — No Comments

Target Trading in the Forex upcoming week of March 16th , 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3907 And it appears ( but no confirmation yet) that we have put the 3rd wave top in place.  If so look for the correction back to 1.3800 before a move to the 5th wave.  Market is also trading in a nice channel so they could simply bounce on that channel line for the top. The average daily true range (ATR) for the pair currently is 80 pips.…

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Added by Scott Barkley on March 15, 2014 at 4:00am — No Comments

Target Trading in the Forex upcoming week of March 9th , 2014

Posted Early-I am traveling

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3867 looking to finish a 3rd wave to the top.  A couple of different scenarios:  1:  a bounce on the former pennant line and a move to the 1. 270 Fibo @ 1.4004 area) 2: An a-b-c  correction to the trend line @ 1.3780 area would set up a nice wave to the same target . The average daily true range (ATR) for the pair currently is 72 pips.

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Added by Scott Barkley on March 8, 2014 at 1:00pm — No Comments

Target Trading in the Forex upcoming week of March 2nd , 2014

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3823 looking to finish a 5th wave to the top.  The pair has been ranging but is now underway but with little left to the top.    We are looking for a correction and then more ranging after that.   The average daily true range (ATR) for the pair has dropped drastically and is currently is only 72 pips.…

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Added by Scott Barkley on March 1, 2014 at 3:41pm — No Comments

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