GBPUSD-Should continue the channel

Pro Act

GBPUSD-Should continue the channel

By Pro Act Traders — Author

Bearish: We are currently @ 1.1531 in a new channel (and possible 3rd wave). We are looking for a move to the square up @ 1.1500 with a further target the ATR target @ 1.1413. We have convergence on the hourly. Target up is 1.1646 if it reverses. Watch the USDX for any change in direction. The ATR for the pair currently is 199 pips per day and its 180 day average is 168 pips per day. USDX is currently up.

Posted to Introduction to Forex Targe… on Oct 31, 2022 — 8:10 AM

Check out what my VIP members get

Recent free content from Pro Act Traders

GBP/AUD-Sweet opportunity down — 4/18/24
USD/JPY-Rising wedge should take it down — 4/17/24
NZD/JPY-Still pushing the down channel — 4/16/24
EUR/AUD–starting a new channel — 4/15/24
GBP/AUD–Continues the channel — 4/11/24

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 — 2 years ago

I feel I picked the right trading company.

By rakeshnarwal — 3 years ago

See All Reviews →

Pro Act