GBPAUD is making higher highs and higher lows indicating an upward trend. The 10 day EMA is diverging from the 20 day EMA indicating increasing momentum. The last 2 candles tested and bounced off 10 EMA indicating 10 EMA holding as support. Last candle is Engulfing previous candle indicating a reversal in trend from a sideways trading range to the beginning of an upward trend. Last candle made a new closing high indicating buyers are starting to take control of the market. All these indications suggest GA is now ready to start moving higher. I have set my Entry at the high of the last 8 candles. Stop loss is set below the low of the engulfing candle. If price moves below this low then the setup is invalid. I have set my Take Profit for a 3:1 profit target. Upward rallies rarely move further than a 3:1 profit target before correcting. So after profit target is hit and take profit I will then wait for a pull back to enter another long trade.