See callout bubbles. Price has plenty of room to run on the W chart until we see some real big sellers entering the market. We'll be buying within the context of a very nice, intact W uptrend. With the AUD running into weakness across the board, and the GBP just getting started on what could be a nice longer-term uptrend, being Long should be the path of least resistance.
Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.