GBPAUD channel opportunity

Bearish: USDX is bearish at the time of this post. We are currently @ 1.8657 in a channel in a range. IF we can break the slope support, we are looking for an initial move to the ATR Target @ 1.8533 area. A Day chart support target is @ 1.8567. Watch the USDX for any change in direction. The ATR for the pair currently is 119 pips per day and its 180 day average is 122 pips.

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Posted to Introduction to Forex Targe… on Oct 04, 2021 — 8:10 AM

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