GBP/NZD-Channel opportunity

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GBP/NZD-Channel opportunity

By Pro Act Traders — Author

Note: Jolts today

Bearish: Currently we are at 2.0679 in a channel. We are looking to continue to the 1.270 Fibo @ 2.0615-00 area with an outside target at the 1.618 Fibo @ 2.0552 area. We have convergence in play for the short. Watch the USDX for direction. The average daily true range (ATR) for the pair is 102 pips per day and it’s 90 day average is 117 pips per day. USDX is currently threatening down.

Posted to Introduction to Forex Targe… on Jun 04, 2024 — 8:06 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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