{quote} I disagree, I think this was the stop hunted area. I attached my 4H chart I posted yesterday before I slept. I wrote about how I expected a bounce at the area where support and the broken resistance as support lined up. Confluence is usually said to be a good thing (I agree with that, but for flow specifically), but this was also a warning to me. I expected a bounce but didn't trade it because I expected that level to to break just to hunt the stops of all the people who entered at that level. That doesn't happen all the time, but the fact...
" Could you explain why the price may go to 1882 specifically?", an OBVIOUS place where people have stops.
And yes, they were taken out, regardless of our opinions.
So now, probably the safest stop would be exactly that level where people got already wiped out, cause if it comes back down there, then most likely it is a bear move and not a second stop run. Big Boys look for "liquidity pools" to feed their moves. Those are places where retailers have their stops. It is just important to be aware of them. They tend to be a "Magnet" for the Big Banks, remember they can see the orders to which we are blind.
Anyway, I don´t want to deviate the thread here to a "stop run thread"
Have a great weekend, I´m glad you have been following your rules. that is the recipe for success.
I am looking to go short but no position right now. UPDATE. 19:53 ST. Short 1.1906 average UPDATE. 23:01 ST. Closed at BE to start fresh Monday London session.
