GBPUSD reversal trade

Bearish: We are currently @ 1.4102 in a channel and in a reversal. CPI numbers very positive should act as a catalyst. We are looking for an initial move to the ATR Target @ 1.4053 area. A further target is the 0.382 Fibo @ 1.4022. Watch the USDX for any change in direction. The ATR for the pair currently is 94 pips per day.


Posted to Introduction to Forex Targe… on May 12, 2021 — 8:05 AM

Recent free content from Pro Act Traders

Comments ({[comments.length]})
Sort By:
Loading Comments
No comments. Break the ice and be the first!
Error loading comments Click here to retry
No comments found matching this filter
Want to add a comment? Take me to the new comment box!

Reviews Average Rating          

         
I feel I picked the right trading company.
         
See All Reviews →