AUDUSD Channel Opportunity


Bearish:  USDX is headed up at the time of this post but it is at a top. Currently we are at 0.7229.  We are looking for a continuation to the ATR (Average True Range) Target @ 0.7182 area. The S5 @ 0.7100 would be the target after the ATR target. Watch the USDX for any change in direction. The ATR for the pair currently is 60 pips per day and it’s 180 day average is 64 pips.

Join us for our open house http://proacttraders.com/open-house



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: