As we can see the black area indicates a potential zone where retail traders are tricked into going long by the illusion of fake support. Large institutions and experienced traders know most novices will have their stop losses just below this level. Institutions and banks manipulate these levels and take out stop losses to gain liquidity in the market. Once a stop hunt has occurred we enter a trade in the direction that we are fundamentally inclined to do so.
Trade closed: stop reached:
Stopped out, -1%. We move on. If you find someone in trading who does not admit losses, they are a liar.