GBP/USD – Starts a third wave

Pro Act

GBP/USD – Starts a third wave

By Pro Act Traders — Author

Bearish: We are currently @ 1.2794 in a channel in a range. We are starting a third wave and looking to continue the channel to the ATR target @ 1.2750 with a further 0.618 Fibo target @ 1.2719 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 64 pips per day and it’s 90 day average is 84 pips per day. USDX is hinting up.

Posted to Introduction to Forex Targe… on Mar 14, 2024 — 8:03 AM

Check out what my VIP members get

Recent free content from Pro Act Traders

EUR/AUD-Breakout in the range — 4/25/24
GBP/USD-continuing the channel — 4/24/24
CHF/JPY-continuing a 3rd wave — 4/23/24
AUD/USD-starting the up move — 4/22/24
GBP/AUD-Sweet opportunity down — 4/18/24

You can also use Ctrl+Enter to post

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

{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

{[comment.date_posted|date_format]} ● {[comment.date_posted|date_ago]} ● Edited ● Edit Comment ● Delete Comment

Want to add a comment? Take me to the new comment box!

By jennifer santiago — 2 years ago

I feel I picked the right trading company.

By rakeshnarwal — 3 years ago

See All Reviews →

Pro Act