ndt113

Please Help Me UNDERSTAND

FX_IDC:EURUSD   Euro / U.S. Dollar
As you can see, I took a buy order where that little blue arrow is. Market goes up, hits the daily range and then plummets right back down and hits the stop loss that I had right below the support. To add insult to injury, the price rises right back up after hitting my stop loss. What makes price do that? I also had the same thing happen with my USDJPY trade; literally same exact thing. Please, there has to be an answer to this situation where we can learn to see things like this coming and work to avoid them. I need someone to help me investigate this matter. Could it be because of news? Could it be because big institutions know that there is a lot of stop losses placed right below that support; i don't know, but I sure as heck need your help in finding out.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.