GBPAUD - waiting for the final retest of this OB

GBPAUD

An OB was created previously, that lines up perfectly with the upwards trendline. I saw an indication that selling pressure had not yet been relieved so did not take this trade at my target entry. Stoch and momentum were still low and oversold, signalling an imminent retest of the OB where I expect it will cross my entry once again. I will continue to wait for Stoch and momentum to reach optimum levels before I enter.

Reasons to take:
- MA50 is above EMA100
- Price is in an uptrend & has pulled liquidity from below it
- Price is just above a long term AOI

I have used the Fib Ext to mark out TP 3 at 0.618 but have identified two areas that we may see price stall and pullback. TP 1 rests below a Bearish OB and TP 2 at a previous high.