GBPNZD Channel breakout or wave

Pro Act

GBPNZD Channel breakout or wave

By Pro Act Traders — Author

Bearish: We are currently @ 1.9355 just out of a channel. We have convergence to the downside. Two scenarios: Bullish: the move finished a 4th wave, and we now do a 5th wave up to the R5 @ 1.9445. 2: Bearish: A break down here or the 1.2996 area would target the ATR target @ 1.9248. Watch the USDX for any change in direction. The ATR for the pair currently is 165 pips per day and its 180 day average is 163 pips per day. USDX is currently threatening up at the time of this post.

Posted to Introduction to Forex Targe… on Jul 28, 2022 — 8:07 AM

Check out what my VIP members get

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

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