Price action and market structure are two excellent forex basic words that every trader should be familiar with.

It discusses the market's prevailing trend as well as other fundamental trading ideas such as support and resistance, chart patterns, and more. Price movement and market structure can occur at any time.

If you trade technical analysis, the above trading strategy will help you identify high-value regions for trigger entries if done correctly.

After reading this article, you will grasp the relevance of price action and market structure in forex and technical analysis trading.

WHAT IS PRICE ACTION IN FOREX?

Price action is a completely bare trading technique that does not employ any indicators. Price action depicts the current market price.

It may be seen in all financial markets since it requires the interpretation of candlesticks as well as the usage of other trading default tools such as trend lines and Fibonacci.

Using prior highs and lows, support and resistance, price action traders can examine the present market state and predict a likely outcome.

These highs and lows, as well as support and resistance, can serve as indicators of where high-value triggers will be found.



WHAT IS PRICE ACTION AND MARKET STRUCTURE?

The dominating trend of the market making higher highs and higher lows or lower lows and lower highs can be defined as price action and market structure. Price action and market structure also include the following:

1) Zones of support and resistance

2) Chart pattern

3) Candlestick pattern

4) Order Block

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