GBP/AUD – triangle opportunity

Note: FOMC meeting minutes today

Bullish: We are currently @ 1.9071 in a channel. We are looking for a continuation to the ATR target @ 1.8922 with the further target for today the day chart bottom @ 1.8859 area. We have convergence in play. Watch the USDX for direction. The average daily true range (ATR) for the pair is 139 pips per day and it’s 90 day average is 142 pips per day. USDX is currently move down.

Posted to Introduction to Forex Targe… on Nov 21, 2023 — 8:11 AM

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