Trade Ideas Position: GBPAUD Bat

A bearish bat may just be a better opportunity in engaging the trade. I chose to temporarily ignore the spike(black eclipse) as the market just spike down in seconds on a 396pips of market movement. It did give me my profits on that but also understanding the candlestick chart, I've chosen to intervene and exit trades for my second target that has already been summarised on my previous post(check link on related ideas below).

I've plotted an equal distance move projection, and both of them terminate close to each other its ends near the resistance level too(look left).

A break and close below the accelerated trendlines confirm the downward move.