Last nights Flash Crash in the GBP USD looked more like a Black Swan event than a stop run. Smart Money targeted 1.2000 and extended below.
These big algo driven moves seem to be increasing. It is now more important than ever to keep a sharp eye on global events and stay ahead of inter market analysis. The trend of Smart Money making big moves either before or after big news events and not at the time of the news events themselves seem to be increasing. Defensive trading is the name of the game.