Disliked{quote} Hi Inthebox, just looking at your AUDUSD M15 chart there, and noting how they use 25 pip 'boxes' to work the levels - your 0.79% fib level is also pretty much 0.6575; it then went up to 0.6600; then dropped nearly 50 pips to 0.6550-ish. I think AUDUSD is possibly the currency pair that respects the 25 pip 'boxes' / inside ranges the most ... and then on ltf the 12.5 pip increments, and so on... {image}Ignored
this pair had been slow moving and ranging for the past 3 days and yet i was aiming for the high of day.
on hindsight a quasimodo (an engulfing formation) had formed in line with the left shoulder.
i could have noted a double resistant there.
ITB - Seeing Orderliness amongst 'Randomness'