PURE PRICE ACTION
The is one of the traded strategy in the world today. It does not involve complex analysis and it does not take time to see a good trading set up. Price Action is simply looking out for price reaction as dynamic Support, Resistance, Trendline and Channels using good candle reversal and continuation patterns. So many terms have being mentioned above and I need explain it in details for you to apply it to your chart.
SUPPORT/RESISTANCE
Support/Resistance are seen at all time time were the price swing high and low. When th price swing high the reverse back market the swing high with a line. The line is called Resistance line but when price swing low and reverse back market the swing low with a line called Support line. The Support/Resistance are represented with a horizontal lines drawn across the swing high and swing low.
