GBP AUD - Long position 3:1 Win vs Risk Ratio

Hello all

I missed the initial surge out of the down trend, however now it has cycled lower again towards support (which was previously resistance)

I am now looking to enter long,

I will be taking two entries, one at 3 : 1 now and the other will be a long term trade up to 1.8700 area, on the first cycle higher

This could play out to be a great trade, however the second entry will take time to reach if it plays out that way

I am looking for cycles higher at support with engulfing candles on at least the 1 hour chart

Thanks for looking

Trade closed: target reached:

Trade played out as planned, target reached