Currently we are @ 80.05  just below the 80.21 support.  Since we did not get a bounce but a breakdown here we are now looking for the S4 Target @ 79.46.  Lots of confluence here for a bounce ( 2 supports, trendline bottom and the S4).   If we can bounce here -  Looking for a move back to the support  @ 80.21…

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3237 and stuck in a wedge on the day chart.  We are bearish as long as we are under 1.3300 ( a break of that confirms the long).  We will need to break out of the current up channel and then the initial downside targets are the 0.786 Fibo @ 1.3080 and then the double bottom @ 1.3010.  A break above 1.3300 targets the double top @ 1.3386.  The average daily true range (ATR)…

Currently we are @ 1.0437  just below the top @ 1.0456.   If we can break through the -1.270 Fib Extension -  Looking for a move to the R4 @ 1.0484…

Currently we are @ 80.91 on the -0.270 Fib extension.   If we can break the Fibo-  Looking for a move first to the .618 Fibo extension  @ 80.69 and then the S5 @ 80.40.…

Currently we are @ 16114 after taking out the 1.6164 Top.  We could have one more short move  to the upside.  Looking for the break of the S1 break of the support for a move first to the .500 Fibo @ 1.6000 and then the support @ 1.5934.…

Currently we are @ 1.0292  after breaking below the 1.0282 support and the retreating.  We have had little channel built to the downside.  On the next break of the support - Look for the double bottom @ 1.0227  and watch here for a bounce.…

Currently we are @ 106.44  after breaking below the 0.618 Fibo.  We have had little pullback/retrace and the cross has already run further then it’s ATR of 110 pips.   Down on the lower charts however, we are building a descending wedge which is accumulation for another move.  Look for the .786 Fibo @ 106.02 and watch here for a bounce.…

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3210 and the former high set April 11, 2012.  Reality is that we are in a big sideways move on the day chart.  We are bearish as long as we are under the 0.618 Fibo @ 1.3236 ( a break of that confirms the long).  The initial downside targets are the 0.500 Fibo @ 1.3110 and then the 0.786 Fibo @ 1.3044.  A break north targets the -0.270 Fib Extension@ 1.3286.  Bottom line is we need confirmation of…

Currently we are @ 107.75  after breaking out of the bull flag  and going right our first target.  We are waiting for a pullback/retrace and then possibly a move to the 108.38 resistance.  Due to this being a square up day – it may actually pull the other way back to the 107.52 support.…

Currently we are @ 81.58 after breaking out of the falling wedge and the down trendline to the upside.  We are waiting for a pullback/retrace to take out the R3 and then possibly a move to the 81.93 resistance.…

Those in the live NY  #Live training room got this #trade setup today +90 pips  http://tinyurl.com/2cdn9sf #forex…

Currently we are @ 1.3089 after respecting the down trendline during the London.  We are sitting on the .382 Fibo and a break here targets a move to the 1.3010 S5 support.  …

Currently we are @ 1.5951 after breaking the down trendline during the London.  Is this a false breakout or the real deal?  We are bullish above 1.5978 and  looking for an initial move to the 1.6038 R4 resistance. A false Breakout target a move back to 1.5859 (R1).…

Currently we are @ 1.5831 after breaking the S4 target during the London.  We are looking for an initial move to the 1.5778 support and then the support  @ 1.5757.  There is very strong support in the 1.5720-1.5735 area.…

$EURUSD

What ProAct Forex Target Traders See:  We are currently sitting @ 1.3076.  We are bearish from here having broken the bear flag to the downside.  The initial downside targets are the double bottom @ 1.3034 (watch for a bounce here)  and then the S5/Day chart bottom @ 1.3008 (watch for a bounce here)  and overall target is the-0.270 Fib extension @ 1.2944.  The average daily true range (ATR) for the cross currently is 102 pips.…

Currently we are @ 106.44 after breaking out of the downtrend and we are now building a descending wedge.  We are looking for a move to the 105.99 and then the support  @ 105.42.  A break up  here targets the S5 @ 107.52.…

Currently we are @ 106.47 after breaking out of the downtrend.  We are looking for a move to the R3 @ 106.86 and then the resistance @ 107.52.  A breakdown here targets the return to the R1 @ 105.97.…

Currently we are @ 83.35 after hitting our S6 target yesterday.  We are bouncing in a downtrend so looking for a move to the 83.91 Resistance or the 84.00 .  We will look for bears in that area.  A breakdown here targets the return to the S6  @ 82.49.…

Currently we are @ 106.27.  We are in a descending wedge in a downtrend so looking for that continuation.  We are most likely going to the -0.270 Fib Extension @ 105.38 on the first leg.  A breakdown here targets the S6  @ 105.38 en-route to 105.00.…

Currently we are @ 0.8189.  We are in a wedge in a downtrend so looking for that continuation.  We are most likely going to the S5 @ 0.8095 on the first leg.  A breakdown here targets the support  @ 0.8061.…