$GBPAUD- Falling wedge? | Marketfy

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$GBPAUD- Falling wedge?

By Pro Act Traders — Author

Currently we are at 1.8272 in a falling wedge. Ultimately this is bullish for the pair. We are looking for a continuation to the 1.618 Fibo extension area @ 1.8258 and then a bounce back to the day chart bottom (1.8292). The average daily true range (ATR) for the pair currently is 151 pips.

Posted to Introduction to Forex Targe… on Mar 18, 2014 — 9:03 AM

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

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