GBPCHF Falling Wedge Reversal

Bullish:Currently we are @ 1.2931 in the bottom of a range. IF we can break the wedge, we are looking for a continuation initially to the 0.786 Fibo Target @ 1.3025 and then to the ATR Target @ 1.3040. The average daily true range (ATR) for the pair currently is 85 pips but its 180-day ATR is 106 pips a day.

Posted to Introduction to Forex Targe… on May 16, 2019 — 8:05 AM

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  • {[]} — Marketfy Staff — Maven — Member
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