Why Use Heiken Ashi?
Heiken Ashi candlesticks are a useful tool for traders because they help to filter out noise and provide a clearer picture of the underlying trend. Unlike traditional candlesticks, which use the open, high, low, and close prices of a given period, Heiken Ashi candlesticks use a modified formula that smoothes out the price action and makes it...
For years GBPUSD has been testing its lows. Since 2007 a huge drop has been seen in 2016. Where it has consolidated between 1.22396 and 1.36845. Recently in August of 2022. For many, we could see this potential drop, while others expected a pullback and continuation of the sideways move.
Let's look at what actually happened. The lower resistance zones around...
