CHF/JPY-continuing a 3rd wave

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CHF/JPY-continuing a 3rd wave

By Pro Act Traders — Author

Note: Flash Manufacturing this AM

Bullish: Currently we are at 169.88 in a well built Range and channel. We are looking to continue to the 3rd wave to the ATR target @ 170.54 with a further target the 1.618 Fibo @ 170.65. Watch the USDX for direction. The average daily true range (ATR) for the pair is 102 pips per day and it’s 90 day average is 114 pips per day. USDX appears to be topping out.

Posted to Introduction to Forex Targe… on Apr 23, 2024 — 8:04 AM

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

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