@wykedmikk I’ll say I struggle with directional bias most of the time in profit but goes back to hit Sl @wykedmikk can we talk in dm I can’t message you
Consolidation after a directional leg is usually accumulation, but the direction it resolves depends on which side of liquidity gets taken first. GBPAUD ranges love to sweep both sides before the real move, so expecting 'one more sell' without confirmation on what gets swept is a coin flip.
What I'd want to see before committing to that bias: where are the obvious stops sitting relative to the range, is the higher-timeframe structure still bearish, and has AUD shown any strength on its own crosses. If liquidity above the range gets taken with displacement back through, that's the real sell signal. Until then the consolidation is telling you the market hasn't decided yet.