✅ 5 Powerful Price Action Trading Strategies

In today's video we'll be going over 5 Powerful Price Action Trading Strategies. Price Action is a popular form of analysis used by professional traders that allows them to "look into the market."

So if you're looking for a price action trading strategy you can use in your forex trading or stock trading, make sure to tune in to today's video!

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So for the first strategy we’re going to need to find a market that is currently in a sideways range. This is usually quite easy to spot as you’ll see a market that is bouncing back and forth between a level of support and a level of resistance. So looking at this chart, we can see that we have a clear level of support coming in here. We see this level act as support on the left. Then after a push up from price we see a return to this level where again it acted as support multiple times.

Now a mistake that some traders make is that they think a level of support or resistance needs to see a response every single time that price touches it, but this is not true. You can see here that price moved through this level of support multiple times without respecting it. But then once we see this strong move to the upside as price makes a new high, when we return to this level it begins acting as strong support as price rejects it multiple times. So remember that support and resistance are not magical levels that guarantee a reaction from price every single time; They are simply levels where we are more likely to see other market participants step in.

We also have a clear level of resistance coming in above price here. We saw a rejection at this level the first time price reached it, followed by a second and third rejection from price. So we now have a clear level of support and a clear level of resistance that is containing price, and we have sideways movement inside of this area as price bounces off either side of the range. So once price is able to move outside of this area, we’ll look to use price action to help us obtain a trade entry. So if price breaks out to the downside, we’ll look to take a sell trade in the hopes of price continuing in a downtrend...And if price breaks out to the upside, we’ll look to take a buy trade in the hopes of price continuing in an uptrend.

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Beauty Flow by Kevin MacLeod
Link: https://incompetech.filmmusic.io/song/5025-beauty-flow
License: http://creativecommons.org/licenses/by/4.0/

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DISCLAIMER:
Foreign exchange trading on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Past performance is not indicative of future results. The information presented today is not meant for use in live trading.
This video is not a recommendation to anyone on how to spend or invest their money. Take all videos as my own opinion, as entertainment, and at your own risk. I do not assume any responsibility or liability for any errors or omission in the content of this channel. This content is for educational purposes only, and is not tax, legal, financial or professional advice. Any action you take on the information in this video is strictly at your own risk. TradingBeacon.com and all individuals affiliated with this channel assume no responsibilities for your trading and investment results.

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Видео ✅ 5 Powerful Price Action Trading Strategies канала Trading Beacon