GBPUSD Reversal trade

Bearish: We are currently @ 1.3902 in a range and just after a rising wedge breakout. We are looking for a move to the ATR Target @ 1.3813 area. A continuation would target the 0.382 Fibo @ 1.3759. Watch the USDX for any change in direction. The ATR for the pair currently is 91 pips per day.

Posted to Introduction to Forex Targe… on Feb 16, 2021 — 8:02 AM
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