If your stop loss (SL) was triggered even though the price didn't appear to reach your specified level, it's essential to consider the impact of the regular market spread. The spread is the difference between the bid (sell) price and the ask (buy) price of a currency pair. This gap means that if you're looking at a typical chart (usually displaying the bid price), the ask price, which triggers a buy order stop loss, can be higher than the chart price due to the spread.

During volatile market conditions, spreads can widen significantly, meaning the ask price could move far enough to hit your stop loss, even if the bid price shown on the chart doesn't reach that point. This is a common occurrence and highlights the importance of considering the spread when setting stop-loss levels, especially in fast-moving markets or during times when liquidity is lower.