PRICE ACTION FOR FOREX

[safeeras042]

Price action is a term used in technical analysis to describe the behavior of a security's price. It is the study of price changes in securities, such as stocks, futures, or currencies, over time. Price action strategies are trading approaches that rely on the analysis of price movements, rather than on the use of technical indicators or fundamental analysis.
There are many different price action strategies that traders can use, but some common ones include:

1. Trend trading: This involves identifying a trend in the price of a security and then entering a trade in the direction of the trend.
2. Breakout trading: This involves identifying a key level of resistance or support in the price of a security and then entering a trade when the price breaks through that level.
3. Range trading: This involves identifying a range in the price of a security and then entering a trade when the price reaches one of the extremes of the range.
4. Reversal trading: This involves identifying a potential reversal in the price of a security and then entering a trade in the opposite direction.

It's important to note that price action strategies are not a standalone trading approach and should be used in conjunction with other tools and techniques, such as risk management and fundamental analysis.

Price action is a term used in technical analysis to describe the behavior of a security's price. It is the study of price changes in securities, such as stocks, futures, or currencies, over time. Price action strategies are trading approaches that rely on the analysis of price movements, rather than on the use of technical indicators or fundamental analysis.
There are many different price action strategies that traders can use, but some common ones include:

1. Trend trading: This involves identifying a trend in the price of a security and then entering a trade in the direction of the trend.
2. Breakout trading: This involves identifying a key level of resistance or support in the price of a security and then entering a trade when the price breaks through that level.
3. Range trading: This involves identifying a range in the price of a security and then entering a trade when the price reaches one of the extremes of the range.
4. Reversal trading: This involves identifying a potential reversal in the price of a security and then entering a trade in the opposite direction.

It's important to note that price action strategies are not a standalone trading approach and should be used in conjunction with other tools and techniques, such as risk management and fundamental analysis.

 

[Jack19]

In price action trading , i think it's better to start price action trading in higher time frame and look for engulfing candles