EUR/NZD –channel continues

Bearish: We are currently @ 1.7941 in a well-built channel. We have convergence for the downside move. If we can break this support here, we are looking for a continuation to the ATR Target @ 1.7875 with the further target for today the 1.000 Fibo @1.7782. Watch the USDX for direction. The average daily true range (ATR) for the pair is 129 pips per day and it’s 90 day average is 143 pips per day. USDX is currently moving down.

Posted to Introduction to Forex Targe… on Sep 20, 2023 — 7:09 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 →