GBP.AUD - Multi-Timeframe Confluence

Currency Pair: GBP.AUD
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Long

Live GBP.AUD updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Should my daily predicted direction be incorrect no trade opportunity will be generated.

Comment:

This is a perfect example as to why discretionary entries can pay dividends.
Although price has pulled back and on the surface a great setup there are multiple indicators that don't currently align.

There is still a trade opportunity on this pair, however more confirmation is required.

Trade active

Trade closed: target reached:

Half position closed, second half at breakeven.