USDCHF continues the channel down

Bearish: We are currently @ 0.9650 in a 5th fractal wave in a channel. We are looking for a continuation to the ATR target 0.9557 and then the S4 target @ 0.9527. Watch for a bounce there. Watch the USDX for any change in direction. The ATR for the pair currently is 106 pips per day and its 180 day average is 86 pips per day. USDX is currently trying to go down at the time of this post.

The 4 Things you must know in the Forex:

Posted to Introduction to Forex Targe… on May 24, 2022 — 8:05 AM
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