GBP/CHF – will the channel hold

Note: ISM and Jolts this AM!

Bearish: We are currently @ 1.1199 after an abc correction of the last move. MACD has yet to point the way down. If we can break slope support are looking for a continuation to the ATR Target @ 1.1100 with the overall target the 1.000 Fibo @ 1.0983. This will require that USDX continues up. Watch the USDX for direction. The average daily true range (ATR) for the pair is 83 pips per day and it’s 90 day average is 71 pips per day. USDX is currently moving up. NOTE: I am back from vacation.

Posted to Introduction to Forex Targe… on Aug 01, 2023 — 9:08 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 →