Jon wrote: Wed Oct 12, 2022 3:22 pm I was looking at GBPUSD, M5 at the time. It was a very late move. Some experienced traders may have got in on the retest after that initial move

I take it back

Maybe not such a good move after all

2022-10-12 05_14_59-GBPUSD,M5.png

Some traders will take a shot long at the 50% retrace of this huge up candle,sometimes it will work. But concept here is: impulse is many pips in short time, retrace will take longer, like ABC in Elliott Wave theory. Anyway zoomed out this impulse started the move up so well spotted.