EUR/AUD – Rising wedge breakout

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EUR/AUD – Rising wedge breakout

By Pro Act Traders — Author

Forex Strategies

Bearish: We are currently @ 1.6374 in a rising wedge (bearish) with a double top in play. If we can break the wedge, we are looking for a continuation to the ATR target @ 1.6293 and then further movement. Divergence is in play. Watch the USDX for direction. The average daily true range (ATR) for the pair currently is 102 pips and it’s 90 day average is 105 pips.

Posted to Introduction to Forex Targe… on Oct 28, 2024 — 8:10 AM

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

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