Scott Barkley
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Scott Barkley in Proact Traders,

EURGBP- Triangle break

Currently we are @ 0.8939 in a triangle pattern.  If we break out we are looking for a move to the 0.500 Fibo @ 0.8870 and then continue to the square up @ 0.8800.  The average daily true range (ATR) for the pair currently is 74 pips.


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