2014/05/12 (Monday) Price Action

FX:GBPAUD   British Pound / Australian Dollar
17 0 0
Moderate action today leading to an inside bar after a rotation from previous build up to resistance.

Waiting for a retrace of Monday's candle would allow for a greater entry, however with Thursdays and Fridays momentum a signal for continuation like this might not see much of a retrace.

Target is a safe distance from the next support area , obviously any price action before this target may signal an earlier exit.
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