EUR/AUD – Rising wedge breakout

Pro Act

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

Check out what my VIP members get

Recent free content from Pro Act Traders

NZD/JPY – Showing bearish signs — 11/20/24
GBP/USD – Falling Wedge Breakout — 11/19/24
GBP/USD – Rectangle Breakout https://www.proacttraders.com/blog/ — 11/18/24
GBP/CHF – In A Breakout — 11/13/24
USD/JPY – reversal soon — 11/12/24

You can also use Ctrl+Enter to post

Comments ({[comments.length]})

Sort By:

Loading Comments

No comments. Break the ice and be the first!

Error loading comments Click here to retry

No comments found matching this filter

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

{[comment.date_posted|date_format]} ● {[comment.date_posted|date_ago]} ● Edited ● Edit Comment ● Delete Comment

Want to add a comment? Take me to the new comment box!

By jennifer santiago — 3 years ago

I feel I picked the right trading company.

By rakeshnarwal — 3 years ago

See All Reviews →

Pro Act