Since no one has that magical crystal ball that is going to tell us how a currency pair is going to move going forward, all traders use charts to make their trading analyses. The value of charts is that they show us the history of how a pair has moved over time. This history, for example, can show us price levels that the pair had trouble moving up through (resistance) or down through (support). Information such as this is invaluable when determining such things as our entries along with where to place our stops and limits. When traders however become too granular when viewing their charts and they expand them to the ... (full story)