GBPAUD - short

Taking a look at GBPAUD we see a few indications of a reversal and continuation to the downside:

- Elliott wave completion of 5th wave on daily time frame
- additional shorter time frame elliott wave completion on 4hr.
- Fibonacci cluster zones lining up at fresh demand levels
- Rejection of fresh Supply level at 1.80
- Bearish engulfing pattern to close the week on Friday

This is a view of my directional bias for the week, not necessarily a trade setup just yet. However I will be looking for places to enter short and update idea.