Hi Friends ,

Wish you all luck for this month's contest . I would like to share a chart pattern, Rising Wedge formed by the pair GBP/AUD in the daily time frame. Fundamentally , today pair was boosted by the more than expected good figures on manufacturing and lending from UK . However, Aussie is expected to gain from tomorrow's release of PPI , which can drag the pair down. The chart below shows the chart pattern formed by the pair which according to me can breakout in asian session . I have also marked some key Fibo levels using fan lines. Indicator Stoch is moving south thus building up my confidence towards a short correction. Sooo Let's Have Some Pips

For my Complete monthly outlook and trend prediction for the pair , you may CLICK HERE .
Thanks for now I'll update you with any other reliable information in future.

Happy Trading !


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