EUR/USD:
The Weighted Average Price (WAP) chart setup offers a novel way of analyzing price movement in relation to the Volume Weighted Average Price (VWAP). By utilizing the Z distance from WAP, traders can gauge the deviation of the current price from the WAP line, allowing for a more comprehensive understanding of market trends and opportunities. Incorporating the WAP into your technical analysis can lead to a richer comprehension of market behavior, enabling you to make more informed and confident trading decisions.