Scott Barkley
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Scott Barkley in Proact Traders,

$GBPAUD- Trend change?

Currently we are at 1.8318. We are in a symmetrical wedge and have bounced on a working trend ( not proven yet)  and looking for a break of the wedge and a continuation to the resistance  area @ 1.8470 with an overall target @ 1.8685.  The average daily true range (ATR) for the pair currently is 196 pips.