Scott Barkley
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Scott Barkley in Proact Traders,

Target Trading in the Forex week of August 6th, 2017

Note:  Currently USDX is bullish after NFP

$EURUSD

What ProAct Forex Target Traders See:   We are currently sitting @ 1.1781 after breaking out of a rising wedge.  We are looking to do a 4th wave down to the trend wall and then decision time.  Do they do a 5th wave up or break out? Target Up: 1.1860 Target down 1.1562.  The average daily true range (ATR) for the pair currently is 91 pips.

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