here is an easy trade. GBP are in an uptrend overall and if we look at higher timeframe like monthly chart, we can see that GBPAUD will go up for a long time. The market did pullback at the end of last week and this is amazing because we can now re-enter LONG on GBPAUD .
Here is my simple chart. Strong supply&demand that been broken 2 weeks ago, and in that same supply&demand I did see a 61.8% fibs. The supply& demand is also valid on higher timeframe. Thats another sign that it should reverse in this area.
Trade with care,