GBPAUD potential short for the week

THis pair broke rising wedge to the downside and formed ending diagonal, last week it could not break the ending diagonal to the upside and price reversed after hitting the FIb 38% retracement from the high of the wedge. The ending diagonal is also with in the range of daily support and resistance. As the price has moved little down after reaching the diagonal upper resistance line confluence with Fib 38% retracement, from the previous low we could draw a counter trendline with the break of this counter trendline we could get a good risk reward ratio trade on H1 chart setup. Potential target will be the diagonal lower support line which confluence with 100% of the fib extension from high of the diagonal channel to last low to current 38% fib resistance and daily support zone. This setup will be invalidated if the price break out of the upper resistance line of the ending diagonal and daily resisitance zone