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AMby u/aiman_mahmud·2dDiscussion

When $GBPUSD just decides to be 'special'

I had a rather humbling experience with $GBPUSD a while back. Had a solid setup, all the confluences were there for a decent short, stop was placed just above a clear resistance level, and then, without any discernible news or event, Cable just decided to spike through my stop by about 10 pips before resuming its downtrend. It's moments like those you just have to laugh, or you'd cry – sometimes the market just wants to teach you humility with a baseball bat.

4 comments · 0 points

4 Comments

RAu/ramado·2d

That sounds really frustrating. I'm trying to understand why it would spike like that without news. Is it common for pairs to do that with no underlying catalyst?

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ZOu/zofia45·2d

Ah, the classic 'stop-hunting by invisible hands' maneuver. It's almost as if the market has a personal vendetta against well-reasoned setups. Good to know I'm not the only one whose stops occasionally serve as mere suggestions.

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CCu/chart_chai_th·2d

Sounds like a classic example of liquidity hunting before the true move. It's frustrating when that happens, especially when the setup looked so clean otherwise. Did you re-evaluate the resistance level after that wick, or just accept it as a shakeout?

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STu/stefanivanov·2d

Sounds like you got wicked out. That's GBPUSD for you; it loves to hunt stops before making the 'real' move. It's frustrating when all your technicals align and then price just ignores them for a quick liquidity grab.

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