Three Price Action Trading Strategies To Help You In Your Price Action Analysis

Today we’re going to learn three popular price price action trading strategies you can use to help you in your price action analysis.  These trading setups are simple, yet effective. With a little patience and self control,  you can develop a deadly forex trading edge  with these trading setups. So what’re we waiting for? Let’s get started.

Pin Bar

Pin bars can also be set up in the opposite direction also as long as they’re clearly defined and well projected from the surrounding candlesticks. Of course this projection suggests a strong rejection and usually occurs on the daily chart time frame.


This is an illustration of a pin bar in action.. The pin bar is triggered by  the upward bullish pattern on the graphic which in turn  becomes a continuation signal.

Fakey Set Up

The fakey set up  has the unenviable reputation of fooling  traders into believing it’s going in one  and then doing a 360 as other traders push for glory in the opposite direction. This is popularly known as a false break. This phenomena really does trigger some huge moves in the forex market So if you’re just starting out as a trader keep your eyes open for this scenario.


As you can see in this graphic, the market looks like it’s in a downward pattern. Then it suddenly breaks upward past the pin bar after forming at the support level. This what you call a false break.The potential for substantial profits in this scenario are huge. The reverse also happens in a bearish pattern where the market goes bullish then swings downward at the resistance level. So you need to keep your eyes wide open for both scenarios.

Inside Bar Setup

The inside bar setup is very useful as a continuation signal. Located in front of the pin bar, the inside bar  breaks out from the support level with the price climbing upwards.   After a brief consolidation,  an upward trend pattern  breaks out, creating a strong momentum,. Inside bars are better played on daily and weekly charts..Yes, they allow for few risks, but the rewards are substantial.


As you can see, the  inside bar is placed infront of the previous bar. This triggers an upward pattern, giving rise to potential profits.


That’s  a wrap for ”How To Get A Read on All Candlestick Patterns Using Support and Resistance Levels  .”   It also  means we have come to the end of our candlestick pattern series. Hopefully you’ve gained a full understanding of how to read candlestick patterns on the price charts. Do you want me to send you the latest posts to your email address inbox? Then   subscribe to my mailing list and I’ll send my blog posts directly to your inbox. It wont cost you a penny.Til next time take care.

If you strayed in on this post and you want to know what price action trading is all about, visit my What Is Price Action Trading? post.  For those curious about the forex trade or contenplating a career in the forex trade , find out Why Forex Trade Is So Popular

Well that’s a wrap for” Three Price Action Trading  Strategies To Help You In Your Price Action Analysis. These three trade setups seem very straightforward.  You don’t need to clutter your chats with indicators either. Master these setups and you’re on your way being a confident and successful trader. But you will need dedication and discipline to reach that promised land.

We’ll start a 3 part series on how to trade these setups starting with the pin bar.Til next time take care.


Do You Want To Join The Forex Trading Gravy Train?

If you’ve stumbled in here looking to join the forex trade bandwagon, here is what you need to do . First,  look up Why Forex Trade Is So Popular.  Next, you learn  the fundamentals of forex trading by reading  Forex Trading Basics – Top To Bottom Part I  and Forex Trading Basics – Top to Bottom Part II .Next, you need to learn how to read candlestick patterns. They are the main feature of price action analysis And you need to know what these patterns are telling you. To be able to do that read the following on Fundamentals of Reading Candlestick Patterns, Single Candlestick Patterns,  Dual Candlestick Patterns, and Triple Candlestick Patterns .    Also You Need To Know Ten Of These Candlestick Patterns .

Looking to get a leg up on price action analysis,?you need to learn How to Identify Support and Resistance Levels.  And if you want to learn how to interpret trading zones, read up on Identifying Dynamic Support and Resistance Levels. Finally you should know  How To Read Candlestick Patterns using Support and Resistance Levels.

However, if you only want to trade once a month and watch your entry rack up huge profits over a stretch  of several weeks, consult  How to Spot High Probability Trades.  And if you  are  still not sure about  price action trading, find out   Why Price Action Trading Still Rocks . Dont let me stop you from reading the other posts as well. But the  suggested posts above are the most important posts to get  you started.

Wanna Subscribe To My Mailing List?

Do you want me to send you the latest posts to your email address inbox?Then  subscribe to my mailing list and I’ll send my blog posts direct to your inbox. It wont cost you a penny.

P.S. If you want to know everything there is to know about price action trading  Download for free The Ultimate Guide To Price Action Trading by Rayner Teo .This brilliant ebook will change your life as a trader. It sure did mine. And if you want a place  to put your price action trading strategies into practice (Including the above price action traders),and get a simulated feel of live forex trading conditions   before trading live, open a demo trading account with Easymarkets. And if you believe you are ready to trade live on the forex markets, open a forex trading account with EasyMarkets and get a free forex trading ebook






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