Complete Price Action guide For USDJPY Currency (For USDJPY currency)
Thanks for your nice replay, sir please give me a complete price action guide. (For USDJPY Currency)
Double block trade work USDJPY.
Power of Price Action Trading – price action trading is a powerful trading option
According to many traders, price action trading is a powerful trading option.
Though there is no such thing as “Holy Grail” in trading, price action trading can be close to that if used properly.
After learning the basics of price action trading, traders can begin to learn the true power behind trading with price action.
For a successful trader, it is very important to know the actual things that they can deal with price action trading.
Price action trading can help traders to identify trending and ranging markets.
Knowing if the market is trending or ranging is arguably the most important thing to know before making any trades in the market.
Traders have to know whether or not the market is currently trending or if the market is ranging.
If a trader find that the market is trending then you have to decide which way it is trending, up or down.
Knowing all of this information is beyond helpful when deciding to enter a trade or not.
By using raw price or candlesticks, one can easily identify a trending market or a ranging market in a very simple way.
If it is making lower lows and lower highs then traders know that it is in a downtrend.
Determining a ranging market can be a lot trickier and harder to identify.
A ranging market is when candles are stuck within a support zone and a resistance zone. Often prices will hit the support and resistance zones
multiple times without moving outside of the range.
With the help of price action trading, traders can also know if the ranging market is in the right place or not.
By using this information, traders can actually learn to trade more successfully than ever.
So, price action trading can be a powerful point for any trader.