GBPAUD - Divergent Bar on 4 hour chart

Promising though (look here, here, here and here) GBPAUD is hesitating where to go.

Nevertheless it was profitable, last Bullish Divergent Bar quickly kick us out of the market.

For compensation we'd got another setup promising to be stronger (this is just a hope).

So fast as market consolidated up to 78.6 level was down retracement ending in Double Bottoms and a new Bullish Divergent Bar.

This new DBar is supported by:

• red AO bars;
• very little accelerations in opposite directions and;
• an acute angle toward red line (Alligator's teeth).

Additional support it gets from the Daily Chart where again we see a Double Bottoms (not fully completed yet) formed after testing 50% up level.

There is no momentum at all though we see acceleration in down direction.

From here on, most probable is, market to move up or down rather than to move side-away (this is just one possible point of view).