Now price is at point of control ......
Imagine you're looking at a graph that shows how many trades are happening at different prices in the forex market. The volume profile indicator helps us understand this information better.
Now, the point of control (POC) is a special point on the graph. It's like the most important point because it shows where the most trades are happening. It's like the center of attention for traders.
When the price reaches the POC, it's like reaching a really important spot. If the price goes up and breaks through the POC with lots of trading activity, it means many people are buying, and it can be a good sign for the price to keep going up.
On the other hand, if the price comes down and meets the POC but can't go above it because many people are selling, it can be a sign that the price might stop going up and could even start going down.
So, the POC is like a special level where the most trades are happening, and it can give us clues about whether the price might go up or down. Traders look at other things too, but the POC is an important piece of information for making decisions in the forex market.
Now, the point of control (POC) is a special point on the graph. It's like the most important point because it shows where the most trades are happening. It's like the center of attention for traders.
When the price reaches the POC, it's like reaching a really important spot. If the price goes up and breaks through the POC with lots of trading activity, it means many people are buying, and it can be a good sign for the price to keep going up.
On the other hand, if the price comes down and meets the POC but can't go above it because many people are selling, it can be a sign that the price might stop going up and could even start going down.
So, the POC is like a special level where the most trades are happening, and it can give us clues about whether the price might go up or down. Traders look at other things too, but the POC is an important piece of information for making decisions in the forex market.
Penafian
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