GBPUSD Rising wedge opportunity

Bearish: USDX is currently going up at the time of this post. We are currently @ 1.3569 just out of a rising wedge. We have the divergence in play. We are looking for an initial move to the ATR Target @ 1.3500 area with a continuation to the 0.382 Fibo @ 1.3437. Watch the USDX for any change in direction. The ATR for the pair currently is 78 pips per day and its 180 day average is 84 pips per day.

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Posted to Introduction to Forex Targe… on Jan 11, 2022 — 8:01 AM
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