GBPAUD Weekly Chart from 27 July to 31 July

GBPAUD weekly chart: Emerging bearish AB=CD pattern, its initial validation @ 2.200 area, in the rising channel (up trend). No sign of weakness then following the predominant trend is preferable (Shift to smaller timeframe such as 4 hour, 1 hour chart or smaller for good execution entry) which initial targeting @ upper line of channel @ 2.200. I will anticipate short only @ ABCD completion.