GBPAUD break out from a flag pattern consolidation

GBPAUD pair in daily time frame. Look how nicely price made a retracement to reach the dynamic area of support created by 30 & 50 periods SMA.

Before entering this period of consolidation price entered in this uptrend in the middle of March this year.

Price has already broken out this small retracement channel. Now I'm waiting for the confirmation of the breakout. After the confirmation, I'll enter the trade. This also looks like a flag pattern.