GBP/USD – Wedge break out

Pro Act

GBP/USD – Wedge break out

By Pro Act Traders — Author

Bearish: We are currently @ 1.2463 in a wedge pattern. If we can break slope support here, we are looking for a continuation to the 1.000 Fibo @ 1.2394 with a further target at the ATR Target @ 1.2362. We have convergence in play for the move. Watch the USDX for direction. The average daily true range (ATR) for the pair is 101 pips per day and it’s 180 day average is 118 pips per day. USDX is currently moving UP.

Posted to Introduction to Forex Targe… on Apr 06, 2023 — 8:04 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