I love seeing this kind of price action unfold - brings a smile to my face.
Nice stop hunt into liquidity down before taking off - text book activity (notice 1.31500 round number level) marked out to perfection.
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I got my SL because of this sharp buy candle, I was looking for sell trades there!
Many trader died. And you smile…
*Many traders who don’t take the trend into account died - there is a difference
Where does this chart shout SHORT SHORT SHORT
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To be honest, if i traded this today, i would have gotten stop out.
Actually, aggressive bears could have a case here. Second leg down from a strong bear spike. Price broke down under the SMA. I think on one of the GBP pairs I may have had a sell stop order. Thankfully, it didn’t trigger.
It was actually complete price manipulation off the back of the BoE minutes and rate announcement. Essentially showing how a bullish announcement still drives price down into liquidity before taking off.