GBPAUD - Trade Plan

Daily:
- Bullish engulfing yesterday
- New high, possible higher low, possible trend reversal...

4HR:
- PA consolidating sideways in a slight rising channel
- Price broke trend line and met some local resistance

1HR:
Price met some resistance and is beginning to pullback

Trade Plan:
- Pullback to 1.79784 is 50 fib and nice area of previous resistance - look to buy in this zone.