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Forex
Forex: Interpreting Price Action
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[QUOTE="Deved, post: 304187, member: 98004"] Interpreting price action is a critical skill for forex traders. Price action refers to the movement of prices on a forex chart over time. By analyzing price action, traders can identify trends, key levels of support and resistance, and potential trade opportunities. There are several key components to interpreting price action in forex trading: [LIST=1] [*]Candlestick patterns: Candlestick charts are a popular way to view price action in forex trading. Candlestick patterns can provide important information about market sentiment and potential price movements. [*]Support and resistance levels: Support and resistance levels are key price levels that have historically provided significant barriers to price movement. These levels can provide valuable information about potential trade opportunities. [*]Trend analysis: Trend analysis involves identifying the direction of the overall trend in the market. This can be done by analyzing price movements over time, looking for higher highs and higher [/LIST] [/QUOTE]
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Forex: Interpreting Price Action
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