Hi everyone, I am very new to forex and would like to know what is Whipsaws and how does it looks like.
)Thank you very much.
When price is ranging, you would suspect that price would either obey the top and bottom of the range or break out and trend in the direction of the breakout. A whipsaw (i.e. a fake-out) is when price breaks those temporary S/R levels, but fails to move as expected.
