Target Trading In Forex: Week Of April 21

Its Monday again and it is a brand new week.


Looking forward to make some pips this week after a break last week.

Well, it's not exactly a break but I took some time off to visit a relative who is not doing so well with his health. :(

Anyway, a brand new week and here is what the experts are targeting this week

Source: www.investing.com

Source: www.investing.com

EUR/USD

What Forex Target Traders See: We are currently sitting at 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 at 1.2945 area but we could get a fall to the .618 at 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.

USD/JPY

What Forex Target Traders See: We are currently at 99.50 on the 3rd wave R5 resistance and need a correction before looking again to longs. We will need to get a pullback hopefully to the .618 fibo at 98.83 since the Day chart top is at 99.97. If the market corrects we will look to going long to the first wave R7 resistance at 102.43. The average (14 day) daily true range (ATR) for the pair currently is 157 pips.

GBP/USD

What Forex Target Traders See: Cable is currently at 1.5233. We are looking for a continuation to the S4 support at 1.5179 and then further to the S6 at 1.5027. There is day chart trend line bisecting this so watch for a bounce there. The average (14 day) daily true range (ATR) for the pair currently is 118 pips. 

AUD/USD

A great smooth currency for Newbie’s! What Forex Target Traders See: Aussie is currently at 1.0288 –in a descending wedge pattern which is bearish. We are bouncing on the .382 fibo which could be a bounce point......

Full details if you go to the website.


Have a nice week trading

You Can  Want To Learn Forex Trading? Get A 21 Video Forex Training Course. Start Learning Today, CLICK HERE

Start your Forex journey with JustFxTrading

Get The Freedom You Always Dream Of!


Happy Trading!!!

Weekly Summary April 15th - 19th

Its Saturday again... a week gone by in a flash.... this week, I did not made any trades as I was away visiting a friend who is not doing so well.

My prayers go to him and I hope he will be able to get better. Although things do not look good but still, we cannot lose hope.

 Although I did not make any trades, I still turned on my charts on a daily basis. I just wasn't able to be online at the right time for me to take the trade.

Anyhow, the market provided several opportunities this week. Let me share one of the trades that I found with you.

Here it is...

With this trade, I would have entered right after the candle close pointed by the arrow. The candle with a long pin to the low.

The low set by that pin was higher than the previous pin which you can see at the left of the image.

After the long pin, the trend took off...

It went more than 100 pips.... good profit....

Imagine if you had 10 lots on that trade..

You would have made 10 grand with just 1 trade.

Thais is the power of forex and why I love it,

Of course, you need to be dead accurate about it.

This is where the discipline and practice comes in.

So, if you are struggling in forex, don't worry about it.

Just keep on trading and find the right way to trade...

It took me more than 2 years (i think I am lucky)....

Just don't give up..!!!!