Would you have seen this coming? The bearish spike around 1.584 threw me for a curve ball.
the players cant make it all so easy, they had to stop out or shake out some of those longs from the previous day before rising again. Particular as it could be seen that not many had taking profit from the previous days massive rise and were still holding high
Yes… and no!
The hammer/pinbar right before the bullish movement is the tipoff. I didn’t exactly see such a large move coming, but I expected some significant upwards movement.
I was in a short trade on GBP/USD when that happened, and it stopped me out. I was working with a 300+ pip stoploss and wasn’t expecting that large of a reversal…