FOREXEL

Soon time to go long

Long
FX:GBPAUD   British Pound / Australian Dollar
7
Will go long on this one as it breaks out of the triangle and makes a a successful re-test of the breakout area of the upper/inner trendline. I do not go for only the breakout, It must confirm its course for it to be a safe trade to take.

Tp is set at 2.2230 (ish) which lays at Fib 1.618

this trade will enable numerous entries and exits as it plays out within the channel. I expect a drive forward to break the channel soon as well.
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