hope.bleecker

Pound Australia for April 27.

Long
FX:GBPAUD   British Pound / Australian Dollar
9
I am currently positioned from lower on this pair, however, with the break above 1.94 I am eyeing continuation long up to 2.0163 for the first target. Enter on the hourly chart off the bottom trendline which is forming the wedge. Since I am already positioned from lower, I will wait until we break a 45 degree trendline on the hourly chart, pullback onto that trendline and continue on. A good entry likely will be around the 1.93 area.

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