EUR/AUD–starting a new channel

Bullish: Currently we are at 1.6430 in a new channel. IF we can break the triangle resistance here, we are looking to continue to the ATR target @ 1.6502 with a further target the R4 @ 1.6600. Watch the USDX for direction. The average daily true range (ATR) for the pair is 83 pips per day and it’s 90 day average is 101 pips per day. USDX is now headed up.

Posted to Introduction to Forex Targe… on Apr 15, 2024 — 8:04 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 →