NZDJPY channel continuation

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NZDJPY channel continuation

By Pro Act Traders — Author

Bearish:Currently we are @ 71.43 in a descending wedge. IF we can break here, we are looking for a continuation initially to the ATR Target @ 71.08 and then to the 1.618 Fibo @ 70.75. The average daily true range (ATR) for the pair currently is 60 pips but its 180-day ATR is 70 pips a day.

Posted to Introduction to Forex Targe… on May 23, 2019 — 8:05 AM

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

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