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Forex
Forex: Interpreting Price Action
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[QUOTE="Suba, post: 310561, member: 3658"] When two traders analyze the same price behavior, it is common for them to disagree. Past safety price action is no guarantee of future price action. Price action can be defined as the movement in the price of a currency pair. If you use technical analysis, then a change in the price of a currency pair is like a change in EUR/USD from 1.1.0900 to 1.1.0925, a 25 pip increase. The most appropriate way to read price action is to use technical analysis, so traders use data and activity (history) methods such as price changes, volume traders will predict future price movements. Forex traders will interpret price action using technical analysis tools such as candlesticks, trends, support and resistance, power of the wick, One of the disadvantages of price action is that there is no guarantee that past prices (history) will act as price action in the future. [/QUOTE]
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Forex: Interpreting Price Action
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