Scott Barkley
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Scott Barkley in Proact Traders,

Target Trading in the Forex week of July 23rd, 2017

Note:  Currently USDX is bearish

$EURUSD

What ProAct Forex Target Traders See:   We are currently sitting @ 1.1670 in a channel nearing the top of a 5th wave.  We are looking to complete a 5th wave in the next 100 pips but not sure which target here will be the last.  Look for a head and shoulders pattern and then start the descent.  The average daily true range (ATR) for the pair currently is 74 pips.

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