Ep 154 Hints and tricks for understanding FX charts.

Ep154 Hints and tricks to help you understand FX chart movement.
Vertical Lines: These lines used to break down the charts into a weekly format are often called "week separators." They help traders see the price action and market developments on a weekly basis. This can be valuable for identifying trends and key support and resistance levels over time.
Horizontal Lines: The high and low points of the week, represented by horizontal lines, are crucial in identifying significant price levels. These levels often act as strong support and resistance zones. Traders pay close attention to these lines as they can indicate potential reversal or breakout points.
Breakdown into Digestible Parts: Breaking down the chart into smaller segments between the high and low points of the week is a useful technique. It allows traders to focus on specific price ranges, which can provide insights into market sentiment and potential trading opportunities. Analysing these segments can help identify patterns, trendlines, and key price levels.
This channel is here to show you the truth behind the chart movement. Forex charts are unpredictable and often surprise you, as you can see from my previous videos. Sometimes they follow your plan, sometimes they don’t. What I show you in the charts is not a strategy, but a way of analysing and understanding forex charts.