Scott Barkley's Blog – March 2014 Archive (9)

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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$USDJPY …

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

$GBPJPY- top?

Currently we are at 170.23 in a nice bounce.  This is a 2 part trade opportunity.  1) We are looking for a bullish continuation to the Day chart trend area @ 170.43-50 and 2) a pullback  back to the 169.77 former resistance now support.  The average daily true range (ATR) for the pair currently is 155 pips.…

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Added by Scott Barkley on March 28, 2014 at 12:44pm — 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

$AUDUSD- bounce?

Currently we are at 0.9070 after the bounce north of the trend line.  We are looking for a bullish continuation to the R4 .0.618 Fibo area @ 91.25. The average daily true range (ATR) for the pair currently is 110 pips.

Added by Scott Barkley on March 21, 2014 at 12:55pm — 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

$GBPJPY- Trend Break?

 

Currently we are at 168.24 after the break south of the trend.  We are looking for a bearish continuation to the S6 area @ 167.49. 

Added by Scott Barkley on March 14, 2014 at 1:09pm — 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

$EURNZD- Wedge Break?

Currently we are at 1.6369 attempting the break north of the wedge.  We are looking for a bullish continuation to the resistance area @ 1.6420-28. The average daily true range (ATR) for the pair currently is 141 pips.

Added by Scott Barkley on March 7, 2014 at 1:54pm — 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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