GBP/NZD – back in the channel

Pro Act

GBP/NZD – back in the channel

By Pro Act Traders — Author

Bearish: We are currently @ 2.0422 outside a well built channel. Lower highs suggest a move back into the channel. IF we can break support here, we are looking to continue to the ATR target @ 2.0318 with a further target the 1.618 Fibo @ 2.0250 area. 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 143 pips per day. USDX is down.

Posted to Introduction to Forex Targe… on Feb 22, 2024 — 8:02 AM

Check out what my VIP members get

Recent free content from Pro Act Traders

EUR/AUD-Breakout in the range — 4/25/24
GBP/USD-continuing the channel — 4/24/24
CHF/JPY-continuing a 3rd wave — 4/23/24
AUD/USD-starting the up move — 4/22/24
GBP/AUD-Sweet opportunity down — 4/18/24

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 — 2 years ago

I feel I picked the right trading company.

By rakeshnarwal — 3 years ago

See All Reviews →

Pro Act