$AUDJPY–5th wave continuation?

Scott Barkley ProAct Traders

Currently we are @ 86.86 and just breaking through the 1.618 Fibo. This is a continuation of our January Pay Your Mortgage trade stated at 84.50. We are looking for a move to the 2.270 Fibo top @ 86.67. The average daily true range (ATR) for the pair currently is 73 pips.

Author

Scott Barkley

ProAct Traders

Scott Barkley is the President of ProAct Traders LLC located in Round Rock, Texas. Scott graduated from the institute For Latin American Studies in Cuernavaca, Mexico.

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