GBP/AUD – rising wedge says down

Pro Act

GBP/AUD – rising wedge says down

By Pro Act Traders — Author

Bearish: Forex Strategies: Currently we are at 1.9513 at the top of a big range. We have a rising wedge indicating the reversal. IF we can break the wedge (this may be early), we are looking for a continuation to the ATR Target @ 1.9428. There is significant support at the S3 @ 1.9367 - watch that area. Watch the USDX for direction as it could negate all of this. The average daily true range (ATR) for the pair is 95 pips per day and it’s 90 day average is 105 pips per day. My Forex Analysis says USDX is currently trying to go up.

Posted to Introduction to Forex Targe… on Jul 23, 2024 — 9:07 AM

Check out what my VIP members get

Recent free content from Pro Act Traders

EUR/JPY – Bearish signals emerge — 12/03/24
EUR/NZD – hard bounce — 12/02/24
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

You can also use Ctrl+Enter to post

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

{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

{[comment.date_posted|date_format]} ● {[comment.date_posted|date_ago]} ● Edited ● Edit Comment ● Delete Comment

Want to add a comment? Take me to the new comment box!

By jennifer santiago — 3 years ago

I feel I picked the right trading company.

By rakeshnarwal — 3 years ago

See All Reviews →

Pro Act