Scott Barkley
All posts from Scott Barkley
Scott Barkley in Proact Traders,

$GBPUSD – ascending wedge break?

Currently we are 1.4677 after breaking out of the ascending wedge and  a large range.  This indicates we are finally trending.  We are looking to continue to the 1.618 /Fibo @ 1.4791 and stall or bounce there.  The average daily true range (ATR) for the pair currently is 129 pips.