GBPAUD LONG

Weekly reversal play. Daily overextended bearish run needs a pullback. I am playing the intraday inversed H&SH pattern, targetting the next 1.618 fib extension, but if I see enough momentum after EMAs are broken to the upside I will consider holding this trade to previous weekly highs.

A break below the 4H50EMA making a Lower High on the daily time frame may invalidate this trading idea.