GBPNZD 5th wave Continuation

Bearish: USDX is turning down at the time of this post. We are currently @ 1.9182 in a 5th wave in a trend down. We are looking for an initial move to the ATR Target @ 1.9100 area and then down to the 2.618 Fibo @ 1.8930 area. Watch the USDX for any change in direction. The ATR for the pair currently is 123 pips per day and its 180 day average is 129 pips.

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Posted to Introduction to Forex Targe… on Oct 27, 2021 — 8:10 AM

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