$GBPAUD- Wedge Break?

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$GBPAUD- Wedge Break?

By Pro Act Traders — Author

Currently weare at 1.6850 at a bounce point. A couple ofdifferent scenarios. 1: bullish: a move above 1 .6882 would signala continuation to the Resistance@ 1.6987 area) 2: Bearish : A break down herewould prove the current possible head and shoulders pattern is real and wouldset up a nice move back to the R3 @ 1.6789. The average daily true range(ATR) for the pair currently is 131 pips.

Posted to Introduction to Forex Targe… on Oct 28, 2013 — 9:10 AM

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

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