With no volume in forex, that would be the reason to study and understand wide range bars. Wide range bars are expressions of energy spent. That is the essence of a market. The market maker pursues liquidity to fill the large orders. It's all we get for info.
Try an ATR (average true range) of 1 with bars on a 15 minute chart and see how the 2 or 3 largest bars of each day dictate. After that just tracking higher highs and higher lows or lower lows and lower highs, followed by each pullback. Your ability to judge the condition of a market will improve significantly.
An example of what I'm talking about on the U/J with a 20 minute chart.
Try an ATR (average true range) of 1 with bars on a 15 minute chart and see how the 2 or 3 largest bars of each day dictate. After that just tracking higher highs and higher lows or lower lows and lower highs, followed by each pullback. Your ability to judge the condition of a market will improve significantly.
An example of what I'm talking about on the U/J with a 20 minute chart.
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