EURGBP channel breakout

Bearish:Currently we are @ 0.8754 in the bottom of a channel. IF we can break here, we are looking for a continuation initially to the ATR Target @ 0.8721 and then to the 0.270 Fibo @ 0.8673. The average daily true range (ATR) for the pair currently is 51 pips but its 180-day ATR is 63 pips a day.

Posted to Introduction to Forex Targe… on May 21, 2019 — 8:05 AM
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  • {[]} — Marketfy Staff — Maven — Member
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