This is what I see in the Forex the week of September 11th , 2022: USDX, EU,UJ,GU,AU

Note:  Last week of the Open House.  Go to School on all the Fractals right now.

USDX: Bullish to bearish – We are looking to finish a 4th wave up to set up the 5th wave down. The USD pairs should prove it out when the market opens.  All of this could change in a heartbeat and will affect the currencies below. ATR’s are about the same as last week.  BE SMART - TRADE WITH STOPS!!!!

#EURUSD

What ProAct Traders See:  Bullish: We are currently @ 1.0046 in a range in a 4th wave correction.  With USDX down, we are looking for a continuation to the 0.500 Fibo area @ 1.0188.  Watch for a reaction there.  Watch the USDX for reversal and direction. The ATR for the pair currently is 109 pips.

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#USDJPY 

What ProAct Traders See: Bearish: We are currently @ 142.64 after finishing 5 waves ups. We are looking for a short abc and then resumption to the downside to the former day chart top @ 139.33.  There is a big square up @ 135.20 so I would consider trading this as a REOTM trade to there. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 134 pips.

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#GBPUSD  

What ProAct Traders See: Bullish: We are currently @ 1.1588 in a channel and 5th wave.  The 5th wave typically equals the 3rd wave so the target is the former day chart top @1.1722. Watch the USDX for direction. The average daily true range (ATR) for the pair is 112 pips.

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#AUDUSD 

What ProAct Traders See:  Bullish:  We are currently @ 0.6846 in a channel.   We expect an abc correction to finish and then a move to the R4 @ 0.6931 area. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 80 pips. 

CAUTION IS URGED - TRADE WITH STOPS!!!!!