EUR/AUD – starting a channel down

Note: Unemployment claims was positive

Bearish: We are currently @ 1.6275 in the start of a channel. IF we can break support here, we are looking for a continuation to the ATR target @ 1..6142 with a further target the 2.618 Fibo @ 1.6048 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 135 pips per day and it’s 180 day average is 133 pips per day. USDX is currently moving up.

Posted to Introduction to Forex Targe… on May 18, 2023 — 8:05 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 →