USDCHF short opportunity

Bearish: We are currently @ 0.9713 in a channel in a range. We have convergence to the downside. We are looking for a continuation to the ATR target @ 0.9631 area and then the 0.786 Fibo support @ 0.9579. Watch the USDX for any change in direction. The ATR for the pair currently is 84 pips per day and its 180 day average is 82 pips per day. USDX is currently threatening down at the time of this post.

Posted to Introduction to Forex Targe… on Jul 21, 2022 — 8:07 AM

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