GBPAUD - 1H - APPROACHING TRENDLINE - BREAK OR BOUNCE?

For those of you trading the Asian and European session this might be worth keeping an eye on. On the hourly chart GBPAUD is approaching the downward trendline. Strong bearish rejection will be a good opportunity to short, a clear break of the trendline on the other hand will present a good long opportunity of around 30-50 pips on an intraday basis.