Scott Barkley's Blog – November 2013 Archive (22)

$AUDUSD- Slide?

Currently we are at 0.90.94.  We are looking for a bearish continuation through the S5 @ 0.9070 to the 0.786 Fibo @ 0.9029.  It will need to slide there- if it moves fast it will bounce.  Happy Thanksgiving all!.  The average daily true range (ATR) for the pair currently is 92 pips…

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Added by Scott Barkley on November 27, 2013 at 2:19pm — No Comments

$USDCHF- channel?

Currently we are at 0.9087 in a channel.  We are looking for a bearish continuation to the S4/ .618 Fibo area @ 0.9020-29.  The average daily true range (ATR) for the pair currently is 72 pips.

Added by Scott Barkley on November 26, 2013 at 1:46pm — No Comments

$CADJPY- Wedge Break?

Currently we are at 96.40 after the break north of the wedge.  We are looking for a bullish continuation to the day top  area @ 97.50.  Watch for a stall at the 96.50-60 area first.   The average daily true range (ATR) for the pair currently is 69 pips.…

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Added by Scott Barkley on November 25, 2013 at 2:05pm — No Comments

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

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3551. The pair is starting a 5th wave to the upside.  We are looking for a movement to the R7 @ 1.3741.  The average daily true range (ATR) for the pair currently is 100 pips.

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$USDJPY …

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Added by Scott Barkley on November 23, 2013 at 3:11pm — No Comments

$EURAUD- Still room?

Currently we are at 1.4761 sitting on the 1.618 Fibo.  Although we have seen a nice move we still have some room and  are looking for a bullish continuation to the 2.270 Fibo area @ 1.4837.  The average daily true range (ATR) for the pair currently is 121 pips.…

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Added by Scott Barkley on November 22, 2013 at 2:07pm — No Comments

$AUDUSD- 5th wave?

Currently we are at 0.9263 very close to our first target @ 0.9252.  We are looking for a shallow retracement and then continuation to the S4 @ 0.9214  and then  the next target around 0.9148-81.  The average daily true range (ATR) for the pair currently is 83 pips.…

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Added by Scott Barkley on November 21, 2013 at 1:49pm — No Comments

$GBPCHF- Wedge Break?

Currently we are at 1.4715 and we are waiting for the  break north of the wedge.  This is a 2 part trade opportunity.  1) We are looking for a bullish continuation to the R/5 Fibo area @ 1.4770 and 2) the next target the day top @ 1.4819.  The average daily true range (ATR) for the pair currently is 98 pips.…

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Added by Scott Barkley on November 20, 2013 at 1:52pm — No Comments

$EURUSD- Break?

Currently we are at 1.3498.  This is a 2 part trade opportunity.  1) We are looking for a bearish move to the support area @ 1.3432 and 2) the next target the support @ 1.3321.  The average daily true range (ATR) for the pair currently is 104 pips.…

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Added by Scott Barkley on November 19, 2013 at 2:02pm — No Comments

$USDCHF- TREND Break?

Currently we are at 0.9116 after the break down of the trend.  We are bearish below 0.9100 and looking for a bullish continuation to the S4 and day support area @ 0.9014-35.  The average daily true range (ATR) for the pair currently is 71 pips.

Added by Scott Barkley on November 18, 2013 at 2:04pm — No Comments

Target Trading in the Forex upcoming week of November 17th,2013

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3490. The pair is working a correction in a  big downtrend which could bottom  out below 1.3250.  We are looking to complete the  pullback around 1.3540 before a movement to the 3rd wave S4 @ 1.3266.  The average daily true range (ATR) for the pair currently is 104 pips.…

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Added by Scott Barkley on November 16, 2013 at 3:09pm — No Comments

$GBPJPY- near top?

Currently we are at 161.12.  We are looking for a bullish continuation to the Day Top @ 161.84 – watch for the shorts here.  The average daily true range (ATR) for the pair currently is 117 pips.

Added by Scott Barkley on November 15, 2013 at 1:54pm — 7 Comments

$GBPUSD- TREND Break?

Currently we are at 1.6053 and attempting a breakout north.  IF the break is successful we are looking for a bullish continuation to the R4 resistance area @ 1.6085.The average daily true range (ATR) for the pair currently is 104 pips.

Added by Scott Barkley on November 14, 2013 at 1:50pm — No Comments

$EURAUD- Wedge?

Currently we are at 1.4407 and stuck in a day chart wedge.  We are looking for a move to the 0.500 Fibo @ 1.4328 - the next target the 0.786 Fibo  @ 1.4220.  The average daily true range (ATR) for the pair currently is 124 pips.

Added by Scott Barkley on November 13, 2013 at 2:12pm — No Comments

$EURCAD- Trend Break?

Currently we are at 1.4094 after the down trend breakout.   This is a 2 part trade opportunity.  1) We are looking for a bullish continuation to the R4 area @ 1.4120 and 2) the next target the 0.382 Fibo/Resistance @ 1.4201-11.  The average daily true range (ATR) for the pair currently is 106 pips.…

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Added by Scott Barkley on November 12, 2013 at 1:48pm — No Comments

Target Trading in the Forex upcoming week of November 10th,2013

$EURUSD

What Forex Target Traders See:  We are currently sitting @ 1.3357. The pair is working a big downtrend  now  which could bottom  out below 1.3200.  We are looking for a shallow pullback around 1.3390  before a movement to the S6 @ 1.3224.  The average daily true range (ATR) for the pair currently is 98 pips.…

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Added by Scott Barkley on November 10, 2013 at 10:06pm — No Comments

$USDCHF- NFP continuance?

Currently we are at 100.17.  We are looking for a bullish continuation to the R/5 .1.618  Fibo area @ 0.9268-80.  The average daily true range (ATR) for the pair currently is 68 pips.

Added by Scott Barkley on November 8, 2013 at 2:00pm — No Comments

$GBPUSD- southbound?

Currently we are at 1.6032 after the turn on the trend line.  IF we can break the 1.6030 support we are looking for a bearish continuation to the 0.382 Fibo area @ 1.5942 and the next target is the S5  @ 1.5880.  The average daily true range (ATR) for the pair currently is 110 pips.…

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Added by Scott Barkley on November 7, 2013 at 1:53pm — No Comments

$AUDJPY- Wedge Break?

Currently we are at 94.02 after the break north of the ascending wedge.  This is a 2 part trade opportunity.  1) We are looking for a bullish continuation to the R/5 .03820 Fibo area @ 94.55 and 2) the next target is @ 95.06.  The average daily true range (ATR) for the pair currently is 89 pips.…

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Added by Scott Barkley on November 6, 2013 at 1:57pm — No Comments

$AUDUSD- TREND Break?

Currently we are at 0.9531 after the break north of the trend.  This is a 2 part trade opportunity.  1) We are looking for a bullish continuation to the R3  area @ 0.9572-83 and 2) the next target the 0.382 Fibo/resistance level  @ 0.9269.  The average daily true range (ATR) for the pair currently is 80 pips.…

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Added by Scott Barkley on November 5, 2013 at 2:01pm — No Comments

$AUDJPY- bounce?

Currently we are at 93.81 after the bounce north.  We are looking for a bullish continuation after the resistance break to the R/5 .0382 Fibo area @ 94.50.  The average daily true range (ATR) for the pair currently is 89 pips.

Added by Scott Barkley on November 4, 2013 at 2:00pm — No Comments

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