Scott Barkley
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Scott Barkley in Proact Traders,

AUDCHF- triangle break

Currently we are @ 0.7653 in a range. We are looking to break out of the triangle and continue to the 0.214 Fibo @ 0.7593 and the overall target is 0.7533 area. The pair typically consolidates and then explodes out. The average daily true range (ATR) for the pair currently is 56 pips.