Forex Price Action Trading Strategies
Step 1: Identify the Trend. You identify an Uptrend with Higher Highs and Higher Lows. You identify a Downtrend with Lower Lows and Lower Highs.
Step 2: Identify Clear Directional Movement within the Figure Levels.
Step 3: Identify Where Price Breaks a Support and Resistance Zone. A Support and Resistance Zone is an area where Swing Highs and Swing Lows come together. It’s also where Support becomes Resistance, and Resistance becomes Support.
Step 4: How to Enter. Buy or Sell Entry (Look for Reversals at the London Open, at the Support and Resistance Zones).
Step 5: Optimize Your Entry. Set an Ideal Take Profit and Stop Loss, while satisfying our Minimum Reward to Risk Ratio of 2 to 1.
