GBPAUD 5th wave

Bearish: USDX is bullish at the time of this post but near a top. We are currently @ 1.8478 in a 5th wave down. We are looking for an initial move to the ATR Target @ 1.8373 area. Be aware that with USDX up this could be a reversal point back to support @ 1.8588. Watch the USDX for any change in direction. The ATR for the pair currently is 112 pips per day and its 180 day average is 113 pips.

Posted to Introduction to Forex Targe… on Oct 12, 2021 — 8:10 AM
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