GBP/USD – triangle break

Note: unemployment claims was negative

Bearish: We are currently @ 139.42 in the channel. IF we can break the triangle here, we are looking for a continuation to the 1.000 Fibo/ATR target @ 138.78 with the overall target the 1.270 Fibo @ 138.45. Watch the USDX for direction. The average daily true range (ATR) for the pair is 121 pips per day and it’s 180 day average is 160 pips per day. USDX is currently moving down.

Posted to Introduction to Forex Targe… on Jun 08, 2023 — 8:06 AM
Comments ({[comments.length]})
Sort By:
Loading Comments
No comments. Break the ice and be the first!
Error loading comments Click here to retry
No comments found matching this filter
Want to add a comment? Take me to the new comment box!

Reviews Average Rating          

I feel I picked the right trading company.
See All Reviews →