GBP/AUD ABC Pattern Sell Trade

Here we are looking at bigger picture on GBP/AUD We can see that this might be a long term sell trade, due to the fact that it recently bounced from a strong resistance point. Furthermore, we are also looking to complete an ABC pattern which would mean that the market would have to go down. Be careful though, it could form a short term long trade as it may retest the resistance it previously bounced from.