In forex trading, market structure refers to the underlying framework of the market, including the trends, support and resistance levels, and other key price levels. Following market structure is important for several reasons:
In summary, following market structure is important for forex traders as it provides a context for price action, helps identify key price levels, enables the use of technical analysis, reduces emotional trading, and increases consistency. Traders who incorporate market structure analysis into their trading strategy are more likely to make informed trading decisions and achieve better trading results over the long term.