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Price Action Reversals Forex Swing Trading Strategy
This strategy is not for beginners, for they will find this method to be difficult because there is too much information.
Steps in trading price action reversals:
Identify Areas of Support and Resistance Levels, Pivots, Fibonacci levels and etc that the price will have a greater chance of reversing from once price hits that level.
Use price action in entering a trade.
Identify Significant Level: Areas of Support and Resistance, pivots, and Fibonacci levels.
- The price makes a move and changes its direction when it hits significant levels such as support and resistance or Fibonacci levels. Focus on these levels to identify entries.
Using Price Action For Entry:
- When the price goes to the significant levels, look for a reversal candlestick to enter a trade.
- Remember, if the price is heading to a resistance level, you are looking for a bearish reversal candlestick pattern to sell or go short. If the price is heading down to a support level, then should be looking for a bullish reversal candlestick pattern to buy or go long.
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