GBPAUD Multi-TImeframe Analysis

This is a Multi-Timeframe Analysis, for the other mentioned timeframes have a look at the screenshots below!

GBPAUD is since 3 years in corrective sideways pattern
Currently sitting at the 50% retracement of the last massive 5-wave move to the downside.
the whole move to the upside is not impulsive and likely to break to the downside

Today we had RSI divergence and 15min/1h Pinbar Sell signal
afterwards an impulsive break of the rising 15min trendline occurred
followed by an clear break of the 1H rising trendline
if the market closes at this level we'll get a nice daily Pinbar Sell signal
Double Top formation on 4H/daily, which do not happen to often at this timeframe, but if, it could lead to a major move

Some kind of retest of the TL could occur, probably lining up with fibonacci retracement. After that a lower high will be formed and price is falling to finish the change of trend.

Have a look at my AUDUSD analysis, the overall view for the AUD is very bullish, after ending a year long bearish cycle
Also see my EURGBP Analysis with tells you that pound is going to weaken for the next weeks and maybe even longer


https://www.tradingview.com/x/bMbXyL2w/

https://www.tradingview.com/x/aIIrERFL/

https://www.tradingview.com/x/WfxFrHSU/