Today I attempted to buy GBPUSD with a stop-loss order at 1.3417 and a take-profit order at 1.3448. On the M15 timeframe, GBPUSD experienced a sharp spike, a long spike that appeared to be a strong market reaction. This spike broke the temporary downward structure and pushed the price above the moving average (MA) line.
My open buy position on GBPUSD hit my stop-loss, resulting in a loss of $1.60. GBPUSD briefly dropped to 1.3411, but it appears to have rebounded and is moving back above the 200-day moving average (MA200), indicating a potential rebound.