Forex Price Action Strategy. Price action strategy is simple and wonderful. The holy grail for forex traders —Price action strategy guides.
It effectively works in trending markets, markets that are less volatile, ranging markets, highly volatile markets, ranging markets and markets with high volatility. Reversal candle is another feature that traders keep an eye at. The best way is to let the trade roll out and hit either your stop loss, or target price.
The Forex price action strategies involve the study of past price patterns in order to determine the possible future market movements.
Time series plots of a security's price are called price action.
The first strategy is a breakout with momentum and quick re-test of the breakout level. The strategy can be employed on many instruments, including equities, bonds, forex, commodities, derivatives, etc. The best Currency pairs are EURUSD, GBPUSD, NZDUSD, AUDUSD.