The forex market is one of mean reversion which means it is one where currencies and currency pairs are in a constant state of flux using from overbought to oversold and back in all timeframes and so different from all others, and why levels are so key. These levels appear in several ways and not least from price based support and resistance, volume based support and resistance or from the Camarilla levels indicator. All play their part whether considering longer term trading or speculative scalping and of course supported by the volume price analysis methodology which confirms whether such moves are genuine or false.
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