Every exotic trader has been here: price pushes below a level that looked bulletproof, your stop gets taken, and within two hours the pair h

Every exotic trader has been here: price pushes below a level that looked bulletproof, your stop gets taken, and within two hours the pair has reclaimed everything and then some. It feels personal. It kind of is - not against you specifically, but against everyone's stops sitting in the same obvious place. That's a liquidity grab, and in pairs like $USDMXN and $USDZAR it happens far more often than most retail traders want to admit.Why exotics are prime hunting groundThe mechanics are simple. Liquidity sits where stops sit: below recent lows, above recent highs, just beyond the obvious technical levels...