GBPAUD — Possible Head and Shoulders Pattern? Two Setups

Looking at GBPAUD, we could have a variation of a head and shoulders pattern. Currently, we are short on GBPAUD, taking it to the nearest support. If the neckline breaks, we could see the price go to TP 2 and TP 3. Right now we are not targeting those profit points but they will come into play when we see a break and retest of the structure making price fall further.

How are you looking at GBPAUD? Share your thoughts below!