GBP/AUD–Continues the channel

Note: Unemployment claims was positive

Bearish: Currently we are at 1.9221 in a channel. IF we can break the support here, we are looking to continue to the ATR target @ 1.9150 with a further target the support @ 1.9112. Watch the USDX for direction. The average daily true range (ATR) for the pair is 96 pips per day and it’s 90 day average is 120 pips per day. USDX is now headed down.

Posted to Introduction to Forex Targe… on Apr 11, 2024 — 8:04 AM

Recent free content from Pro Act Traders

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 →