GBPAUD channel trade

Bearish: We are currently @ 0.8915 in a range. We are looking for a move down to the ATR Target @ 1.7600 area. We should get a reaction there. A continuation would target the 0.786 Fibo @ 1.7496. Watch the USDX for any change in direction. The ATR for the pair currently is 121 pips per day.

Posted to Introduction to Forex Targe… on Jan 20, 2021 — 8:01 AM

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