Easy and Simple Price Action Technique

In order to optimize the profit potential in forex trading, many traders are willing to learn and try various strategies. The further a trader is trapped in the search for the best forex strategy, the more and more complex the techniques traders are looking for. In fact, to be able to identify the next move, there is a simple method of reliable money, namely the price action technique.

The price action technique is an analytical technique by observing the pattern of price movements as they are on the chart. Does not require any indicators, but relies on support resistance and moving averages as the basis for signal confirmation.

The market has data in the form of graphs about price movements in the market in certain periods. This graph is an illustration of the actions of several market participants, be they humans, programs or robots. This price action technique makes some of these things as analytical indicators.

All news, releases or global events that have an impact on the market are directly reflected in the market in the form of charts. In other words, only with the price action technique, traders can see the fundamental analysis which is depicted in the form of a graph at the same time

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