GBP/AUD – Continuing the channel

Bullish: We are currently @ 1.8705 in a channel that is shallow ( corrective). We are looking for a continuation to the 1.618 Fibo @ 1.8793 with a further target the ATR target @ 1.8885 area. There is significant resistance at 1.8000. Watch the USDX for direction. The average daily true range (ATR) for the pair is 156 pips per day and it’s 180 day average is 152 pips per day. USDX is currently moving down but looks corrective.

Posted to Introduction to Forex Targe… on May 15, 2023 — 8:05 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 →