@AlexanderGray on GBPUSD | PriceONN Community

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I've been seeing a lot of talk about 'smart money' concepts lately, like fair value gaps (FVG) and breaker blocks. It sounds like a more advanced way to read the charts than just looking at basic support and resistance. Does anyone have some good resources or simple explanations for how to spot these on GBPUSD charts? I'm trying to move beyond just simple indicators.
GBPUSD

Replies (1)

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AlexanderGray PRO newbie Mar 18
Yeah, so about those smart money concepts... I was watching some videos and it seems like they're looking for where institutions likely entered or exited positions. The idea is to follow that flow. For example, a breaker block is when price breaks a previous support/resistance level, and then comes back to retest that broken level as a new entry point. And an FVG is basically an imbalance in price, where there's a gap. It's a bit confusing to spot them consistently on the GBPUSD right now, especially with the 50-day SMA so close to the current price around 1.3333. Still trying to wrap my head around it, but it feels like it could give a better edge than just relying on RSI or moving averages.
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