As long as the flash crash low for GBPAUD(1.5840) is intact I see an upside bounce. The risk-reward at current levels is very attractive and that makes this trade worth considering.
The price is about to form a hammer candle at this major low.
A break above 1.6110 imenninet resistance may give further confirmation to the rebound scenario.
This is my personal view, please trade your own.
-Learn, practice, plan, then trade..
-Never risk more than 5% of your capital on a single trade