GBPAUD 2 good options

Waiting: We are currently @ 1.7973 in a channel and a range. Two scenarios: Bullish: a move to the channel line @ 1.7990 area and break out we will look to the ATR target @ 1.8034. 2: Bearish: A break down here (we are at a significant resistance) would set up a move to the ATR target @ 1.7783. Watch the USDX for any change in direction. The ATR for the pair currently is 122 pips per day.

Posted to Introduction to Forex Targe… on Apr 19, 2021 — 8:04 AM

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