My first encounter with VWAP and why it messed with my head

So I jumped into a trade on GBP/USD thinking I had spotted a clean breakout. Price was ripping, volume looked heavy, I was excited. But then I watched it stall right around this line everyone later told me was VWAP. I had no idea at the time, just thought it was coincidence. Of course, price reversed right at that level and I ended up closing red. Since then I keep noticing how many times the price hangs around that line like a magnet. It’s frustrating because it feels like everyone else knows the “secret rulebook” and I’m the last guy to figure it out.

 

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