GbpCad- Correction seems over. 1.6 next?

A few days back I drew attention to the possibility of reversal for GbpAud from the strong level of resistance.
After a hanging man on Friday and a strong red day yesterday, the pair looks ready to resume its down move.
As long as the pair is under 1.6750-168 zone there are high chances of a drop to 1.6 support and also, such a trade could have a good R:R

GbpAud- Will it change the trend?

Since last September, GbpAud was on the run, with the pair gaining 4k pips in 11 months.
However, after touching the important 2.0 zone, the pair started to roll back down and gave back 1k from these 4k pips.
At this moment, the pair is still in an up trend, but is trading very close to the ascending trend line and is flirting again with an old resistance zone.
Yesterday’s candle is a bearish engulfing that suggests a down move.
Continuation to the downside could lead to a break of the trend line and, in such a case, the pair could drop to the next important horizontal level of support at 1.83

EurUsd at crossroads

Since the recent top from mid-July, EurUsd dropped 800 pips, counting from top to bottom.
Recently, the pair found support shy under 1.05 and today, we are already in the 5th consecutive green day.
Looking at the chart we can see that the pair is at a crossroads at this moment and anything could happen.
On one hand, the trend is still bearish and under important confluence resistance given by the falling trend line and the horizontal resistance from 1.0630
On the other hand, a break above this level should lead to a deeper correction towards 1.08
The best approach is to wait and see for either a break up, or a reversal candle from this level.