DislikedIf you analyse the Forex market, there are 3 basic stages.. Uptrend, downtrend and consolidation. These are quite clear on the daily charts.
As we all know, price moves in waves. If you analyse the charts you will see that price has a tendency to move back to the origin of where the big move started, especially in the consolidation stage.
A classic example of price moving back to origin is when the BoJ intervened and price shot up on USDJPY, eventually hitting a supply zone, where it stayed for a while before it slowly moved back to the origin...Ignored
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