GBPAUD: Weekly 2 bar reversal indicating more losses to come?

After hitting the high and closing the month of Jan 2020 there, we see price reversing all of the week gain in the first week of Feb. Very little value is added at the top in those 2 weeks. On the other hand, most of the trades are done at the lower end of the 2 weeks range as evidence in the volume profile. Thus indicating to me that price should be going lower. I will be looking at the smaller time frame for a SHORT entry targeting Jan 2020 low.

DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.