I cannot imagine why anyone would want to place a stop-loss order below 1.3040, right in the middle of the range, but there you go; it takes all sorts to make up a market.
12 pips of the consolidation range ? Why not. It is also the 100DMA but … who cares 🙂
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12 pips of the consolidation range ? Why not. It is also the 100DMA but … who cares 🙂