GBPAUD - Bearish Pennant Pattern

GBPAUD - last week was bullish movement however, we have seen that there is bearish engulfing bar in the resistance area of pattern line (at the monthly time frame). If this month (OCT) bar is gone above 50% of bearish engulfing bar, it may not be valid set up Otherwise, if we see that bearish movement begins, let's set up our edge.