USDCHF False breakout or

Waiting: We are currently @ 0.9129 back in a channel. Two scenarios: Bullish: a bounce and a move to the 0.618 Fibo @ 0.9200 area. 2: Bearish: A continuation would target the ATR target @ 0.9050. Watch the USDX for any change in direction. The ATR for the pair currently is 54 pips per day which is why the channel trade is enticing since price is considerably above this.

Posted to Introduction to Forex Targe… on May 04, 2021 — 8:05 AM
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