USDCHF channel breakout

Bearish: USDX is showing reversal signs for a pullback if not a reversal but is uncommitted at the time of this post. If it does go look for this to go. We have completed 5 “fractal” waves to the upside which helps for a reversal. IF we get traction, we are looking for a continuation to the 0.618/ATR Target @ 0.9100-0.9112 area. Watch the USDX for any change in direction. The ATR for the pair currently is 53 pips per day and it’s 180 day average is 55 pips.

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Posted to Introduction to Forex Targe… on Aug 19, 2021 — 8:08 AM

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