Areas in which price has stalled or reversed more than once. But what does the highlighted candle in the next chart tell us? Forex Price Action Strategy. Setup requires only 2 minutes to setup.
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Trade does not have to be too complex. Support and Resistance Areas, these are buy and sell areas you can easily identify and place on your chart. This shows us that buyers are losing power. It has now expanded beyond just reversals, but reversal trading is where it all started. Trading Preference- GBP/USD, GBP/JPY, and Commodity. An area that sits above current price is a sell area, any area below current price is a buy area.