GBPCHF Channel Continuation

Bullish: USDX is currently going down at the time of this post. We are currently @ 1.2433. We have the convergence in play. We are looking for an initial move to the ATR Target @ 1.2509 area with a continuation to the day chart resistance @ 1.2591. Watch the USDX for any change in direction. The ATR for the pair currently is 65 pips per day and its 180 day average is 71 pips per day.

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Posted to Introduction to Forex Targe… on Jan 06, 2022 — 8:01 AM
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