Does GBPAUD drop from here??

HTFs - Right at the 3rd touch of a daily expanding formation approaching and breaking highs very correctively. This larger structure could be acting as a continuation from the previous bearish momentum.



LTFs - Price becoming more and more corrective approaching outer structure and highs signalling sellers coming into the market. Price could reverse from here for some nice shorts. It's also possible that the overall expanding pattern could mean more upside.