Waiting: Currently we are @ 131.95. Two scenarios: Bullish: a move to the range top @ 133.19 area). This means the current structure is a bull flag – watch for the MACD to turn up 2: Bearish: A break down here would target the ATR target @ 130.39 (watch for the zero line break of the MACD. The average daily true range (ATR) for the pair currently is 156 pips.

Posted to Introduction to Forex Targe… on May 20, 2020 — 8:05 AM

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