GBPAUD the LONG way, but the PATIENT way.

Multi TF analysis first, we see the Monthly/Weekly/Daily in congruence for an uptrend. On the daily here, we see that the market could be pulling back. I've got the fib zones marked with rays. As you can see there is the 50 and 61.8 percent level each identified with a ray. Additionally both those fib levels have confluence with a significant support/resistance zone. So it could be a retest as support of those levels. For further confluence, we see that at the %61.8 zone, there is close to the bottom of the equidistant channel coming through for a 3x confluence zone. This will be really powerful. I'm looking to take this from one of those two zones all the way up to where the arrow stops. For my trading style I noticed the 1h, and 15m are in a downtrend. I'm looking for an entry on 1h after an impulse wave breaks the downtrend structure and retests. However a candlestick confirmation for a bounce off a zone may be enough on the 1h or 4h. Lastly, we wait. This idea isn't to tell you to jump in now, but to wait and watch to see how the market reacts when it gets to these two zones. We must remember that the market does whatever it wants so it could randomly go against all of this structure. However we have the statistical advantage with good multi-timeframe analysis. So keep those fingers crossed.

Trade at your own risk, I am not a professional and this is not professional advice, this is just my personal analysis.

PatiencePays