I trade mainly based upon 3 different emas and price action. I have come to realise price action will bounce at emas coinciding with previous structure points. If I place a horizontal line at said structure points I can go back in time and find these structure points are hit time and time again.
My question is what makes these price points also structure points in which price reacts to. Is there some sort of underground currency trading circle that determines at which points to place buy/sell orders ? Since the beginning of currency trading what made x price a point of interest in buyers and sellers and what makes that price make sense today.
I know how to trade the market and I know how to make money, but I still don't know why price will price will react to a structure point that can be years in the past.
Thanks
My question is what makes these price points also structure points in which price reacts to. Is there some sort of underground currency trading circle that determines at which points to place buy/sell orders ? Since the beginning of currency trading what made x price a point of interest in buyers and sellers and what makes that price make sense today.
I know how to trade the market and I know how to make money, but I still don't know why price will price will react to a structure point that can be years in the past.
Thanks