GbpAud hesitating near big support.

Feb 7, 2017

After suffering a great decline and lasting a few days consolidating GbpAud finally made some significant movements up, in my case, no operation will be open until knowing its next step since that support there has been quite strong in the last weeks, perhaps it'll retest it again and fail in which situacion I'd go for a sell, but if the 4 hour candle closes above it then it will be a clear indication of a bullish continuation.
We'll see what happens.

Feb 10, 2017

Comment

So this is what I was saying, look at all those wicks, none a single candle achieved to overpass that supply and demand area.
Consequently the reversal has begun its way.