When level 3 fails like that, do you start the count from 1 with the intention of price continuing in that direction? I know there are no "hard" rules, but generally?sympathy » Fri Dec 11, 2015 7:12 am wrote:This is how level3 fails.
I ask because I see a nice M forming on the usdcad now and have sometimes noticed that the fox can add an extra day to the cycle (I am assuming its because there were too many stops available for them to go after and couldnt say no).
Eurusd hardly moved yesterday so it doesnt seem a usd based push.
Am I wrong in thinking this is a fake? Time to try selling the usdcad again?
Thank you.
Innate
Junior Hunter.