Price action (PA) analysis and trading focus on what the currency rate (price) does and its clean chart displays. Traders who employ PA methods use naked charts composed of bars or candles to find support and resistance (or supply and demand) zones and then work with them and the current changing price. Unlike traditional technical analysis, PA does not rely on lagging technical indicators or classical chart patterns.
Some believe that price action trading is the only way to be successful in Forex, especially if you
Many traders claim that fundamental methods (news, macro indicators,
Still, in the debate of price action’s validity and superiority, the truth is probably not that simple. Current market conditions play an important role here. For price action to be a powerful trading technique, the currency pair has to be in a
I often determine support and resistance zones by looking purely at the currency pair’s previous price action. I then use these zones to determine my

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