AUDUSD - Slope break

Scott Barkley ProAct Traders

Currently we are @ 0.7836 in a 5th wave IF we break the slope support. We are looking to continue initially to the 0.618 Fibo Support @ 0.7789 and then to the S5 support @ 0.7727. We could get to the double bottom @ 0.7586 this week. The average daily true range (ATR) for the pair currently is 53 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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