Trading forex is all about levels and flows and in this example from the daily chart from the GBP/USD it’s a classic example of the importance of support and resistance which is one of the key planks of volume price analysis. And in particular those areas on the chart where congestion builds. Congestion zones are where trends are created and born and it is why these are so important.
A great example of support and resistance at work on the GBP/USD daily chart on MT4/MT5
February 10, 2021 Anna Forex Market Analysis, Major Currency Pairs, US Dollar Index 0
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