Price Action Trading Strategy
In this lesson, we demonstrate how real-life high-probability trades can be idenitifed and exploited by applying the combined skills of reading price action and identifying and judging support and resistance.
While no simple price action indicator is available for application, it is possible to learn and apply a few simple price action patterns and combine them with identified support and resistance levels to produce effective price action trading strategies.
This lesson exhibits how this could have been applied to the USD/JPY currency pair over a period of several months in 2013.
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We strongly recommend you open a free trading account for practice purposes.