Here we have an advanced BAT pattern on the 1hr chart of GBPAUD, which nearly hit completion of friday evening. I don't trade solely off advanced patterns - i like to look for other entry reason and build up a score. So in addition, we are at a level of higher time frame previous resistance, have an equal measured move, a 1.618 fib extension, rsi over sold and we're at the psychological number of 1.8100 - giving a nice area of interest. The move from this area may of already begun, so I will be waiting for a double bottom or a Higher High Higher Close candle in this area.
If the trade gets activated i'll be looking to take targets below previous structure and stops an atr below the low.