GBP/AUD: A Thousand Pips Waiting?

First, let me show you AUD/USD chart:

Although AUD fas fallen in the past few days, but yesterday it has carved a pin bar really nice at resistance 0.700

Now look at GBP/AUD chart:
A nice down trendline follow with a pin bar at top.

Can this be the beginning of a huge downtrend back to 1.729 (More than a THOUSAND Pips).

I already take a short at 1.8376. Let see what happens.

Comment:

Seems like my position is down, no problem, cuz I lose nothing except that scout sodier.

Now in my opinion the trend is still down, I'll wait for the next opportunity.