HI
I just saw my AUD/USD 1 min bar chart and i noticed strange long wicked bar candles with wick of almost 60 pips.. see the chart attached..
what does this mean? does that mean Big boys are buying and when price reaches 60 pip higher .. it get filled by sell orders which pulls back price to its original level... What does this kind of bars actually mean?
Any views from traders here, on this...
I just saw my AUD/USD 1 min bar chart and i noticed strange long wicked bar candles with wick of almost 60 pips.. see the chart attached..
what does this mean? does that mean Big boys are buying and when price reaches 60 pip higher .. it get filled by sell orders which pulls back price to its original level... What does this kind of bars actually mean?
Any views from traders here, on this...
Anything is possible; everything is negotiable