We may be at the bottom of this channel and move up soon
both case are possible
See what happen
I thinks we may go up to the previous top, and dump
Looks like an H&S formed to reverse the price to the previous support
I thinks the price wants to test the overall downtrend.
GBP/AUD Possible bounce off the support , wait for the Support test to buy , GOOD Risk/Reward ratio
Potential Buy , Let's See what happen , Bearish apear to be pushing down the trend but if aint break , could go longer .