【FX】Too many people neglecting the middle line problem【Range】
【note】I want to make a office worker earn 1000 man-yen with FX! Episode 2
In FX ranges, technical indicators like Bollinger bands and envelopes
treat the central MA (middle line) as if it doesn’t exist
by many people, which is a big problem
The way to read the charts is lacking, and you lose or miss entries
which is a waste, so I hope you will improve
Basically, ranges consist of three parts: resistance, support,
and the middle line
Moreover, even so-called range breaks are only momentum moves
from the middle line,
and it's dangerous to ignore that and confront the range
In other words, many standard books only introduce resistance and support
and describe moving back and forth between them
which is not uncommon,
but honestly have you ever seen such straightforward price moves inside a range?
Furthermore, more often than not, price action stalls at a half-hearted point
and those who have traded FX at least a little would understand
Because the middle line is involved in those factors
If you tend to make mistakes near the range, please review it