Target Trading in the Forex upcoming week of June 9th ,2013
$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.3219 after a bounce on the day chart trend wall. We are in a big wedge which means we could break either way. A break up of the 1.3341 ( .382 Fibo) signals a bullish market and the target would be the 1.3637 R8 Resistance. A failure to break indicates that the down trend is still in place and we will look for the move to the day chart bottom @ 1.2752. Wait for a clear signal. The average daily true…
ContinueAdded by Scott Barkley on June 8, 2013 at 2:53pm — No Comments
Target Trading in the Forex upcoming week of June 2nd ,2013
$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.2996 in a wedge from the day chart. We are waiting. A couple of different scenarios. 1: bullish: a move above the upper day chart trend line @ 1.3060 area) and break out we will look to the R5 @ 1.3172-84. 2: Bearish : A break down here or at the 1.2996 area would set up a nice move to the day chart bottom @ 1.2748 and maybe extend to the1.2657. The average (14 day) daily true range (ATR) for…
ContinueAdded by Scott Barkley on June 1, 2013 at 2:30pm — 4 Comments
Target Trading in the Forex upcoming week of May 26th ,2013
$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.2935 after a strong bounce off the day chart trend line. We are tentatively bullish but waiting. A couple of different scenarios. 1: bullish: a move to the upper day chart trend line @ 1.2996 area) and break out we will look to the R5 @ 1.3172. 2: Bearish : A break down here or at the 1.2996 area would set up a nice wave to the day chart bottom @ 1.2748. The average (14 day) daily true range (ATR)…
ContinueAdded by Scott Barkley on May 25, 2013 at 3:31pm — No Comments
Target Trading in the Forex upcoming week of April 28th ,2013
$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.3042 in a wedge so this could go either way. A couple of different scenarios. 1: bull move- a break to the S5 @ 1.2892 with resistance at 1.3150 2: Bear move- a break to the R3 @ 1.3099 with support at 1.2846. The average (14 day) daily true range (ATR) for the pair currently is 99 pips. …
ContinueAdded by Scott Barkley on April 27, 2013 at 2:16pm — No Comments
Target Trading in the Forex upcoming week of April 21st ,2013
$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.3059 in a sideways move . We are looking at this current move as a bear flag so looking to get long near the .500 Fibo @ 1.2945 area but we could get a fall to the .618 @ 1.2900 before the bounce. We can see a head and shoulders pattern in force. The average (14 day) daily true range (ATR) for the pair currently is 109 pips. …
ContinueAdded by Scott Barkley on April 20, 2013 at 3:02pm — No Comments
Target Trading in the Forex upcoming week of April 14th ,2013
$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.3103 . We got the break out to the upside and now long inside a channel. We are looking for a continuation to the day chart congestion area @ 1.3268. The average (14 day) daily true range (ATR) for the pair currently is 77 pips. …
ContinueAdded by Scott Barkley on April 13, 2013 at 2:47pm — 2 Comments
Target Trading in the Forex upcoming week of April 7th ,2013
$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.3009 . We got the break out to the upside and now waiting for a correction before going long. We are looking for a continuation to the R5/ resistance @ 1.3129. The next major target above is the -01.270 fib extension @ 1.3238s. The average (14 day) daily true range (ATR) for the pair currently is 102 pips. …
ContinueAdded by Scott Barkley on April 6, 2013 at 3:24pm — No Comments
Target Trading in the Forex upcoming week of April 1st ,2013
$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.2822 . We are in a correction which indicates a continuation to the downside trend wall. We are looking for a continuation to the S7/ support @ 1.2725. We could have a short move to the upside trend wall first however. The next major down target is the -01.270 fib extension @ 1.2843. The average (14 day) daily true range (ATR) for the pair currently is 93 pips. …
ContinueAdded by Scott Barkley on March 30, 2013 at 3:39pm — No Comments
Target Trading in the Forex upcoming week of March 24th ,2013
$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.2985 . This could still be a false breakout so keep that in mind when looking to go long. We are looking for a small pullback and then a continuation to the R5/ resistance @ 1.3220. If it is a false breakout - the down target is the double bottom @ 1.2843. The average daily true range (ATR) for the pair currently is 115 pips. …
ContinueAdded by Scott Barkley on March 23, 2013 at 12:23am — No Comments
Target Trading in the Forex upcoming week of March 17th ,2013
$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.3058 after a breakout of the down trend wall. We still need to put a bottom in on this new trend so watch for the pullback first and then the bounce for the move to the R4 resistance @ 1.3152. A false breakout to downside targets the double bottom @ 1.2911. The average daily true range (ATR) for the pair currently is 114 pips. …
ContinueAdded by Scott Barkley on March 16, 2013 at 4:08pm — 1 Comment
Target Trading in the Forex upcoming week of March 3rd ,2013
$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.3018 after testing the psychological 1.3000 to the downside. We are looking for a small pullback and then a continuation to the wave 3 S6 support @ 1.2913 at the least and a bounce is possible there. The down target on a continuation is the bottom @ 1.2718. The average daily true range (ATR) for the pair currently is 112 pips. …
ContinueAdded by Scott Barkley on March 2, 2013 at 3:43pm — 1 Comment
Target Trading in the Forex upcoming week of Feb 24th ,2013
$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.3180 after breaking the day chart trend line to the downside. We are looking for a continuation to the S6 support @ 1.3090 at the least and a bounce is possible there. Be aware that they may bounce it now back to the day chart trend and then go from there. The down target on a continuation is the bottom @ 1.3000. The average daily true range (ATR) for the pair currently is 114 pips. …
ContinueAdded by Scott Barkley on February 23, 2013 at 4:07pm — 2 Comments
Target Trading in the Forex upcoming week of Feb 17th ,2012
$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.3355 in a wedge at the bottom of the day chart trend wall. If we get the bounce out of the wedge look for the move to the 1.3483 and then we are bullish up to 1.3572. A breakout to downside targets the S6 @ 1.3106. The average daily true range (ATR) for the pair currently is 109 pips. …
ContinueAdded by Scott Barkley on February 16, 2013 at 4:08pm — No Comments
Target Trading in the Forex upcoming week of Feb 10th ,2013
$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.3363. Although currently the 240 trend is down we are approaching the day chart trend line to the upside. We are looking for a bounce at the least and a reversal is certainly possible. The key area IF we get the bounce will be the 0.618 Fibo @ 1.3432. The down target on a continuation is the bottom @ 1.3270. Up target on a breakout is the 1.3569 area. The average daily true range (ATR) for the pair…
ContinueAdded by Scott Barkley on February 9, 2013 at 4:38pm — No Comments
Target Trading in the Forex upcoming week of Feb 3rd ,2013
$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.3663. We are looking for a pullback, probably to the .500 Fibo @ 1.3488 and then a move to the Fib extension cluster @ 1.3833. Overall target is the 1.3985 area. The average daily true range (ATR) for the pair currently is 89 pips.…
ContinueAdded by Scott Barkley on February 2, 2013 at 2:18pm — No Comments
Target Trading in the Forex upcoming week of Jan 27th ,2013
$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.3405. We wrote last week “A break up targets the 1.3483 area”- we topped out at 3484. We are looking for a pullback, probably only to the .382 Fibo @ 1.3399 and then a move to the 3rd wave R4 @ 1.3500. Overall target is the 1.3600 area. The average daily true range (ATR) for the pair currently is 100 pips.…
ContinueAdded by Scott Barkley on January 26, 2013 at 3:45pm — No Comments
Target Trading in the Forex upcoming week of Jan 20th ,2013
$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.3308. We could have a deeper retracement before the up move but staying a buyer above 1.3100 and looking to buy on dips if we find a bounce point. A break up targets the 1.3483 area. The average daily true range (ATR) for the pair currently is 100 pips. …
ContinueAdded by Scott Barkley on January 20, 2013 at 8:30pm — No Comments
Target Trading in the Forex upcoming week of Jan 13th ,2013
$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.3393 in the strongest rally since last August. Expecting to top soon – may be now but maybe not until the R6 @ 1.3506. If the current move does continue we will look for the day chart top @ 1.3484 then the R6 target. A breakdown targets the 1.3063 area. The average daily true range (ATR) for the pair currently is 94 pips. …
ContinueAdded by Scott Barkley on January 12, 2013 at 4:11pm — No Comments
Target Trading in the Forex upcoming week of Jan 6th ,2013
$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.3072 strong correction. Expecting to start the process of building an uptrend which would need a thrust upward and then a pullback to a higher low. Any thrust upward should be approached cautiously since it might only be a pullback to keep the down move intact. Prefer to sit on the sidelines for a while. If the current move does prove to be a false breakout we will look for a retrace to the 0.214 Fibo/R4 @…
ContinueAdded by Scott Barkley on January 5, 2013 at 3:12pm — 4 Comments
Target Trading in the Forex upcoming week of Dec 30th ,2012
$EURUSD
What Forex Target Traders See: We are currently sitting @ 1.3222 in a retracement. Looking for the bounce around 1.3100 and then we are bullish up to 1.3400. A pullback or reversal that breaks the 1.3150 would invalidate this. The average daily true range (ATR) for the pair currently is 77 pips. …
ContinueAdded by Scott Barkley on December 29, 2012 at 5:18pm — 2 Comments
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