No, You're not missing anything... it was simply a tsunami moment on a Friday that wiped out the previous days low and high for no reason.... it went up and hit the MA and also the previous support that had turned into resistance. I just threw in a quick small sell and took 10 pips and then closed for the weekend...... I pay special attention to stop runs that take out previous days highs or lows... by about 15 pips or so and then retreat... they can be good placed to countertrade. If they go more than 15 or 20 pips it may be more than just a stop run.. Friday it just took out thursday's low and took off... Look at the whole week last week at how it would take out the previous days extremes and then retreat... I trade them with a close stop. if it barely retreats and then goes on.. it may be a good time to stop and reverse... it depends on alot of things that you just learn after years of looking at it.... PipPip Jimdandy....
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A chart helps those who can read it.