EURAUD wedge

Bearish: We are currently @ 1.5410 in a wedge. IF we can break slope support, we are looking for a move to the ATR Target @ 1.5264 area. Watch for a bounce there. Watch the USDX for any change in direction. The ATR for the pair currently is 126 pips per day.

Posted to Introduction to Forex Targe… on Mar 16, 2021 — 8:03 AM

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