Fxprotrader
Long

GBPAUD Buy Setup Opportunity

FX:GBPAUD   British Pound/Australian Dollar
141 0 18
In a previous post (see the link below) while price was testing the upper trendline of a falling wedge , i mentioned that we should watch for a breakout above the trendline and go long. Price didn't break that level and dropped once again. It's now heading towards the lower trendline of the wedge . It's a very good idea to buy at the level for a new move up which probably be the one which breaks the upper trendline of the wedge giving us a great risk/reward ratio trade.
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