GBP/USD – one last move

Bullish: We are currently @ 1.2470 in a channel. We are looking for a continuation to the ATR target @ 1.2500 with the further target for today the day chart top @ 1.2587 area. We have divergence in play so this may be the last move. Watch the USDX for direction. The average daily true range (ATR) for the pair is 100 pips per day and it’s 90 day average is 95 pips per day. USDX is currently threatening a move down.

Posted to Introduction to Forex Targe… on Nov 20, 2023 — 8:11 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 →