banking 61 on EU
sell stop worked beautifully
sell stop worked beautifully
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DislikedNo, it isn't a mindless, robotic action. In reality, there is a simple explanation. The "few" (i.e. stop runners in the financial world) are able to cause false breaks on minor to medium s/r, however the "few" are unable to overcome major s/r without help from the greater market. Earlier when I said the market was thin, that's what I talking about.
In this particular instance, it took the whole of Asia to crack the nut, and when Asia did it became necessary to go with the flow. Overall, particularly in the case of the GBP, the move is overdone...Ignored