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GBP/AUD Trade opportunity

Short
Livre sterling / Dollar australien (FX:GBPAUD)  
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FX:GBPAUD   Livre sterling / Dollar australien
Trend Analysis Harmonic Patterns price action
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trendanalysis harmonicpatterns price action
The day chart of GBP/AUD indicates that the pair is currently in downtrend.
The pair made a strong downside move and is now currently making a retracement(50%).
It also coincides with the strong resistance zone and the pair is currently facing resistance based on price action.
Hence it is a good time to initiate a short trade.
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