GBP/NZD – Lot of room to the bottom

Bearish: We are currently @ 2.0544 in a 3rd wave. We are looking for a continuation to the ATR Target @ 2.0454 with the overall target the 4.236 Fibo @ 2.0314. Watch the USDX for direction. The average daily true range (ATR) for the pair is 168 pips per day and it’s 90 day average is 167 pips per day. USDX is currently moving down.

Posted to Introduction to Forex Targe… on Jul 13, 2023 — 8:07 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!