Point & Figure (P&F) charts focus on price movements and do not present a linear representation of time. By removing the less-significant price movements (considered as noise), P&F charts potentially make it easier for traders to identify support/resistance levels and market trend lines.

In summary, P&F charts give traders a different perspective of the market comparing to the more traditional bar or candlestick charts and hence can be used as another guide to better understand the structure of the forex market.


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