GBP/AUD –Breakout Opportunity

Pro Act

GBP/AUD –Breakout Opportunity

By Pro Act Traders — Author

Note: Consumer Confidence and Jolts this AM!

Bullish: We are currently @ 1.9621 after a hard bounce. IF we can get the breakout of the slope resistance here , we are looking for a continuation to the ATR Target @ 1.9675 with the further target the 1.618 Fibo @ 1.9710. Watch the USDX for direction. The average daily true range (ATR) for the pair is 129 pips per day and it’s 90 day average is 147 pips per day. USDX is currently moving up.

Posted to Introduction to Forex Targe… on Aug 29, 2023 — 8:08 AM

Check out what my VIP members get

Recent free content from Pro Act Traders

GBP/USD – Targets the range top — 11/21/24
NZD/JPY – Showing bearish signs — 11/20/24
GBP/USD – Falling Wedge Breakout — 11/19/24
GBP/USD – Rectangle Breakout https://www.proacttraders.com/blog/ — 11/18/24
GBP/CHF – In A Breakout — 11/13/24

You can also use Ctrl+Enter to post

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

{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

{[comment.date_posted|date_format]} ● {[comment.date_posted|date_ago]} ● Edited ● Edit Comment ● Delete Comment

Want to add a comment? Take me to the new comment box!

By jennifer santiago — 3 years ago

I feel I picked the right trading company.

By rakeshnarwal — 3 years ago

See All Reviews →

Pro Act