Recent bounce to the downside off of the Weekly downtrend that is formed from December 2017 and June 2019 and price was rejected by the 61.8% Fib Level.
On the 4hr time frame GBPAUD has painted part of a Bearish Bat Pattern.
If we get a completion of the pattern by price reaching the D point be on the lookout for reversal patterns, perhaps on a smaller time frame (30m though I prefer to check the 1hr) before entering the trade.
