GBPCHF

Jan 16, 2019

Data

• 73.41% Long position => Soon price will drop
  
• 1.871% Volatility => Strong above 0.5% line
  
• OrderBook: Buy Stop @ 1.2800 (0.46%)
  
• OrderBook: Sell Stop @ 1.2645 (0.55%)
  
• OrderBook: Sell Stop @ 1.2600 (0.41%)
  
• OrderBook: Sell Stop @ 1.2475 (0.5%)
  
• Less Open Buy Orders Below
  

Prediction

• Price drops to hunt the Sell Stop at 1.645
  
• After that, there are not many open buy orders, so price will shoot down to keep hunting couple sell stops
  

Jan 18, 2019

Note

Update
•Price went up to hunt the Buy Stop first.
•Checking with OrderBook history, there is a strong open buy order around 1.28, so that explains how price shoot up after hunting that Buy Stop.

Side Note for Next Time
•Price seems to hunt for the closest stoploss on the direction of stronger position first.
•Consider open orders near stoploss as well