The price action on the Canadian Dollar on Thursday and Friday was as classic of an example of technical movement I think one could expect. Since March 20th on the Daily chart. the CD has stair-stepped its way down with descending highs. If you imagine that there are buy stops above each bar's high for the day, what was created were ascending levels of buy “at the market" stops. The market moved swiftly through those stops, taking out one after another, almost pushing one set of buy stops into the next and, once finished taking them out, lost interest, and came back down. The interest “dried up” because the next level of stops were too far to move up to. (the next stops to take out were about 50 ticks higher). I only wished I saw this setup “before the fact”.