Scott Barkley's Blog Posts Tagged 'eurusd' (143)

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

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

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3743 looking to finish a 5th wave to the top.  The pair has been ranging and it looks like a head and Shoulders pattern, but we believe it is just coincidental.  We are looking for a move to the Day chart top @ 1.3845 and then the correction.  The average daily true range (ATR) for the pair has dropped drastically and is currently is only 68 pips.…

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Added by Scott Barkley on February 22, 2014 at 4:30pm — No Comments

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

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3699 in a day chart uptrend.  The pair is ranging in a symmetrical triangle so until we get that break not much to do.  We are looking AFTER THE BREAK, for a move initially to the double top @ 1.3894 and a target above (1.270 (-1.270) Fibo that is @ 1.4056.  The average daily true range (ATR) for the pair has dropped and is currently is 82 pips.…

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Added by Scott Barkley on February 14, 2014 at 10:49pm — No Comments

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

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3628  after a break of the 240 min  Chart Trend line.   Although this looks bullish the pair could turn down on the outer resistance line around 1.3685.    We are looking for a move initially to the 2nd Wave S4 @ 1.3507 and a target below that is 1.3400.  The average daily true range (ATR) for the pair has dropped and is currently is 82 pips.…

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Added by Scott Barkley on February 8, 2014 at 2:41am — No Comments

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

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3628  after a break of the 240 min  Chart Trend line.   Although this looks bullish the pair could turn down on the outer resistance line around 1.3685.    We are looking for a move initially to the 2nd Wave S4 @ 1.3507 and a target below that is 1.3400.  The average daily true range (ATR) for the pair has dropped and is currently is 82 pips.…

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Added by Scott Barkley on February 8, 2014 at 2:41am — No Comments

Target Trading in the Forex upcoming week of February 3rd,2014

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3483  after a break of the Day Chart Trend line.   This now makes the cross Bearish.   We are looking for a move initially to the 3rd Wave S5 @ 1.3363 and a target below that is the First Wave S6 @ 1.3286.  The average daily true range (ATR) for the pair has dropped and is currently is 80 pips.…

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Added by Scott Barkley on February 2, 2014 at 4:54pm — No Comments

Target Trading in the Forex upcoming week of January 26th,2014

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3678  after a shallow break of the pennant.   Above 1.3700 will be the test for a bullish move or we will fall back into the pennant and range.  We are looking for a move to the day chart top @ 1.3813 and a target above that the R5 @ 1.3883.  The average daily true range (ATR) for the pair has dropped and is currently is 80 pips.…

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Added by Scott Barkley on January 25, 2014 at 4:09pm — No Comments

Target Trading in the Forex upcoming week of January 19th,2014

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3532 after a break of the pennant and the 0.618 Fibo.   We are looking for a shallow bounce and then resumption to the double bottom @ 1.3400.  The average daily true range (ATR) for the pair has dropped and is currently is 84 pips.…

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Added by Scott Barkley on January 18, 2014 at 4:42pm — No Comments

Target Trading in the Forex upcoming week of January 12th,2014

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3661. The pair has broken the corrective down move and sitting on the R5 resistance.  We are looking for a bullish movement above 1.3700 but watching for a head and shoulders top. The average daily true range (ATR) for the pair has dropped and is currently is 88 pips.…

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Added by Scott Barkley on January 11, 2014 at 4:21pm — No Comments

Target Trading in the Forex upcoming week of January 5th,2014

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3599. The pair has broken the uptrend and the break of the significant supports confirms the move to the downside.  We are looking for a bearish movement below 1.3600  to the 0.786 Fibo @ 1.3487.  The average daily true range (ATR) for the pair has dropped and is currently is 70 pips.…

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Added by Scott Barkley on January 4, 2014 at 3:02pm — No Comments

Target Trading in the Forex upcoming week of December 29th,2013

 

Happy New Year everyone!

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3732. The pair has bounced on  the trend support but  it appears a top has been put in place although another move is possible to finish the wave higher at 1.3922 first. We are looking for a bearish movement below 1.3730 to the 0.618 Fibo @ 1.3556.  Watch for a head and shoulders first. The average daily true range (ATR) for the pair has dropped and is currently…

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Added by Scott Barkley on December 28, 2013 at 4:05pm — No Comments

Target Trading in the Forex upcoming week of December 22nd,2013

Merry Christmas everyone!

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3734. The pair has bounced on  the trend support but  it appears a top has been put in place. We are looking for a bearish movement below 1.3620 to the 0.786 Fibo @ 1.3487.  The average daily true range (ATR) for the pair has dropped and is currently is 70 pips.…

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Added by Scott Barkley on December 21, 2013 at 3:16pm — No Comments

Target Trading in the Forex upcoming week of November 24th,2013

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3734. The pair has broken the support to the downside and it appears a top has been put in place. We are looking for a movement to the 0.382 Fibo @ 1.3634  with the overall target at the R4 @ 1.3590. Watch for a bounce there.  The average daily true range (ATR) for the pair has dropped and is currently is 71 pips.…

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Added by Scott Barkley on December 14, 2013 at 3:05pm — No Comments

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