Ep 155 More hints and tricks for chart reading

Ep155 More Hints and tricks to help you understand FX chart movement.
Zig Zag: By placing a zigzag on the H4 chart we are looking for cyclicity either up or down the page. This video just shows there is rubbish out there, but it is a good learning opportunity for to see for yourself what is going on.
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 and a Zig Zag to show cyclicity is a useful technique. It allows traders to focus on specific price levels, which can provide insights into market sentiment and potential trading opportunities. Analysing these segments can help identify patterns, trendlines, cyclicity 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.
I would love to hear your feedback and questions on this episode. These videos are made on live forex charts so you can learn how to look at the right-hand side of the chart and wait for the price to reach your level. This channel is here to help you simplify your understanding of chart movement thereby allowing you to apply your strategy to find an entry. If you enjoy my content, please like, share, subscribe and tell your friends about this channel.