GBPAUD may potentially complete 3 bearish advanced patterns which would all be confluent with a bearish Wolfe Wave setup. To add to the bearish bias, an unhit weekly pivot sits below price. This provides for a nice target since it coincides with .618CD. SL is placed above X.
KILL ZONE CONFLUENCE:
Bearish cypher pattern completion
2.24AB=CD (cypher)
1.618BC projection (cypher)
Bearish bat pattern completion
1.272AB=CD (bat)
1.618BC projection (bat)
Bearish crab pattern completion
1.618AB=CD (crab)
2.382BC projection (crab)
Bearish Wolfe Wave setup
Unhit weekly pivot below price
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