GBP/USD – Range bottom bounce

Bullish: We are currently @ 1.2110 in a range and a hard bounce. We have the start of convergence for the continuation up. We are looking for a continuation to the ATR target@ 1.2176 with the further target for today the 0.500 Fibo @ 1.2190. Watch the USDX for direction. The average daily true range (ATR) for the pair is 100 pips per day and it’s 90 day average is 94 pips per day. USDX is currently moving down.

Posted to Introduction to Forex Targe… on Oct 26, 2023 — 8:10 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 →