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SIDNEYISRAELLIGHT
Mar 31, 2020 4:26 AM

GBPAUD Long

British Pound/Australian DollarFXCM

Description

Strong demand zone. From Monthly time frame we have a demand zone nesting till daily time frame around the same area. When you drill down further on H4 we have a demand QML. Usual for the institutions in nested zones it becomes expensive on liquidity for them to deep/go further than the daily time frame zone, therefore I perceive an institutional spike at the H4 demand QML proximal line.
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