AUDUSD channel trade

Bearish: We are currently @ 0.7707 in a channel and in a range. We are looking for an initial move to the ATR Target @ 0.7650 area. A further target is the 0.786 Fibo @ 0.7634. Watch the USDX for any change in direction. The ATR for the pair currently is 74 pips per day.

Posted to Introduction to Forex Targe… on May 13, 2021 — 7:05 AM
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