GBPAUD Channel Trade

Bullish: We are currently @ 1.7612 in a well-built channel. IF we can break this resistance we are looking for a move to the ATR Target @ 1.7700 area. The Further Target is the R5 @ 1.7800 area. Watch the USDX for any change in direction. The ATR for the pair currently is 123 pips per day.

Posted to Introduction to Forex Targe… on Jan 12, 2021 — 8:01 AM
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