GBP/AUD–Triangle Break Opportunity?

 | Jul 24, 2018 08:39AM ET

GBP/AUD

Bearish: Currently we are at 1.7711 in a range and in a triangle. IF we can break the triangle and the support here we are looking for a continuation to the 0.786 Fibo at 1.7649 and then to the double bottom at 1.7867 The average daily true range (ATR) for the pair currently is 138 pips.