Price Action Trading
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Price action trading strategy: A beginner's guide
Price action trading is a strategy that analyzes the price behavior of the past in order to make decisions. Instead of relying heavily on technical indicators, traders concentrate on important levels, including support and resistance levels, in order to recognize potential reversals and also draw trendlines to determine the direction the market would move.
The primary instrument used in price action trading is the candlestick chart, and these candles actually represent the market sentiment.