OANDA:GBPAUD   British Pound / Australian Dollar
After price broke structure to the downside, it retraced and formed liquidity below a supply zone that was left behind during the expansion. Price could now use this supply and liquidity to fuel its move down to take out the weak low.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.