Introduction
Price action trading focuses on reading raw market movements without relying on indicators. It helps traders make clear, confident decisions.
Key Price Action Strategies
✅ 1. Support & Resistance Levels
🔹 Identify key price zones where reversals or breakouts happen.
🔹 Tip: Look for strong rejection candles at these levels.
✅ 2. Candlestick Patterns
🔹 Patterns like Doji, Engulfing, and Pin Bars signal potential reversals.
🔹 Tip: Use them in confluence with support/resistance for better accuracy.
✅ 3. Trendlines & Market Structure
🔹 Draw trendlines to confirm uptrends or downtrends.
🔹 Tip: A trendline break can indicate a shift in momentum.
✅ 4. Breakouts & Fakeouts
🔹 Watch for price breaking key levels, but beware of false breakouts.
🔹 Tip: Confirm breakouts with a retest before entering trades.
✅ 5. Price Action in Different Market Conditions
🔹 Trending Market: Follow the trend with pullback entries.
🔹 Ranging Market: Buy low, sell high within support/resistance zones.
Conclusion
Mastering price action gives you an edge in forex trading. Focus on clean charts, key levels, and strong setups for consistent success! 🚀