GPBUSD Breakout
Bearish: USDX is Bullish at the time of this post with a significant breakout of the channel. We are currently @ 1.2760 in the start of a new channel down in a range. WE have a double top in place, so we are looking for an initial move to the ATR Target @ 1.3675 and then IF we break, down to the 1.3600 area. Watch the USDX for any change in direction. The ATR for the pair currently is 80 pips per day and its 180 day average is 85 pips.
Free Forex eBook: http://proacttraders.com/ebook
Recent free content from Pro Act Traders
-
GBP/USD – Targets the range top
— 11/21/24
-
NZD/JPY – Showing bearish signs
— 11/20/24
-
GBP/USD – Falling Wedge Breakout
— 11/19/24
-
GBP/USD – Rectangle Breakout https://www.proacttraders.com/blog/
— 11/18/24
-
GBP/CHF – In A Breakout
— 11/13/24
Loading Comments
No comments. Break the ice and be the first!
Error loading comments
Click here to retry
No comments found matching this filter
-
{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member
Want to add a comment? Take me to the new comment box!
- 1 Campus Martius, Suite #200Detroit, MI 48226
- +1 877 440 9464
