The GBPAUD chart is full of technical signals showing a SHORT. Starting with the Monthly Time-frame, we have an ‘evening star’ formation on the monthly resistance. This is telling us there is possible bearish momentum is coming. Moving to the daily chart, we have a bearish trend that has formed and complete with 3 touches on the trend. The counter-trend to the upside however is very strong with 3 HH’s and 4 HL’s. The trendline has now been broken so to see the candlesticks action I have moved to the 4-hour time-frame for execution. Currently, price has retraced back to the trendline for possible further movement to the downside. On the 2-hour, a Doji candlestick has formed on the trendline so I am waiting for a bearish engulfing candlestick to form for conformation.