FX:GBPAUD   British Pound / Australian Dollar
1
I am looking at a long position here. The yellow line is the 110EMA and the orange is the 40EMA. As seen from previous 1 hour time charts, when these two cross, the price has strong movement in the direction of the reversal of the EMA's. This will probably come test the 40EMA again, and then head up for at least a 40 pip gain. If the first target is hit, close out of 75% of the order. This is because price has a high probability of continuing upwards. If the price goes above the first target without touching the entry point, wait for a small pull back when the EMA's cross. Once this happens, buy and wait for the price to hit T2

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