If you see how the chart is laid out and analysed, it is very common. Retail traders look for double tops and bottoms very often and buy in straight away with stops just below recent structure and targets miles away. If you can spot it easily it means everyone else can and the banks like that as it creates pools of liquidity around a ranging zone. As you can see there is marked out trades that people would've took and held onto for a while thinking it'll head straight for TP, and eventually, the banks push price into both sides of the market hitting everyone SL, Think like the majority but dont trade like them. Patience.
If you want to trade like the majority all you need to do is think like the majority
BENC-FX
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@MikulovicFOREX, I wouldn’t want to trade like the majority that’s why the banks manipulate there strategy’s, thanks anyways
Slim87
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Don’t you think it’s going to pullback?
BENC-FX
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@Slim87, I didnt actually have a bias for a trade on this pair mate I just wanted to find a good example of double tops and bottoms to explain why maybe alot of people are getting stopped out then price moves in their direction