GBPAUD pound closing open window?

FX:GBPAUD   British Pound / Australian Dollar
119 4 5
Most consensus was for this pair to break down out of the structure. I was thinking that way until I noticed an open window. We don't see too many of these on 4x. I predicted price will want to close this and it almost has. Once closed I will reassess the pattern and look for a trade.
Comment: I am looking for signs of one more push up before a HTF correction. That being said price hit a yearly pivot point which my be all we get.

what is the concept of open windows ?
Blue 43. That is a good question and depending on who you ask you can get many different answers. Essentially my idea of a window is a gap up or down where the wicks do not overlap. With the attitude all gaps must be filled I look for price to be drawn to them. What is interesting is what happens at the window. It is a strong area of support or resistance. Watch for price to partially close the window and reverse for a new move in the opposite direction. On the other hand if the window is slammed shut as is the case here. look for resistance turn support.
nahidik nahidik
Sorry wrong chart
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