GBPUSD channel trade

Bearish: USDX is headed sideways waiting for FOMC at the time of this post. Watch for this continuation AFTER FOMC. Currently we are at 1.3634. We are looking for a 5th wave continuation to the ATR (Average True Range) Target @ 1.3587 area. The S5 target @ 1.3537 would finish the 5th wave so target that after the ATR target. Watch the USDX for any change in direction. The ATR for the pair currently is 77 pips per day and it’s 180 day average is 84 pips.

Free Forex eBook download:

Posted to Introduction to Forex Targe… on Sep 22, 2021 — 8:09 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 →