Wait for price to close below the trend line. Next, watch for a bearish price action signal on the retest of the trend line. If price consolidates with three or more candlesticks, then a retest may not occur. So, enter a market execution order after the third candlestick closes.
GBP pairs have closed above previous daily high's & GBPAUD also closed above 1.875 so we will more than likely see GBPAUD head to the next key area which is 1.9000. We could see a potential break and retest and go long for a nice 250 pips.
To summarise...
KEY SUPPORT AND RESISTANCE AREA HAS BEEN BROKEN. So we wait for a retest and rejection before going long.
If...