AUDJPY channel Breakout

Bullish: USDX is headed down but is uncommitted at the time of this post. We completed 5 waves down so now looking for an a-b-c correction. IF we get traction, we are looking for a continuation to the ATR Target 81.10 area. Watch the USDX for any change in direction. The ATR for the pair currently is 75 pips per day and it’s 180 day average is 75 pips.

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Posted to Introduction to Forex Targe… on Aug 30, 2021 — 8:08 AM
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