A concentration of pending orders (like stop-losses) clustered around a price level. Quant-oriented terms like this reflect how statistically-driven approaches to forex have grown alongside traditional technical and fundamental analysis.
A concentration of pending orders (like stop-losses) clustered around a price level. Quant-oriented terms like this reflect how statistically-driven approaches to forex have grown alongside traditional technical and fundamental analysis.
Price is often drawn toward these zones as large players seek liquidity to fill orders. This is the kind of nuance that separates experienced market participants from beginners, since it only becomes practically useful once the basics are second nature.
Referenced in smart-money-concept style trading around swing highs/lows. Most traders come across this while reviewing charts, monitoring news feeds, or checking their account dashboard, and being able to spot it quickly is a useful practical skill.
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