FX:GBPAUD   British Pound / Australian Dollar
54 3 2
long
Hard to say but all these retests at this level are too many now. it must have happened on news then either drawn in lots of breakout trders who might have soon regreted going short or could be stops that have been pilling up below that level after the numerous retest. with this, it might go up and again these guys are merciless that they might now be trying to fool us into thinking that the next logical thing it will do is un up move and then go lower and clean out new stopa. I will def keep an eye on this.
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What do you think that long tail means?
Can we determine whether that is a a fakeout or clearing the way for Price to move lower?
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Interesting!
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