Price Action Strategy

Price Action

Price Action

Price Action

Price Action Professional traders use tight stop loss while trading the channel support and resistance level. In general, they set their stop loss just above the “Price Action Confirmation Candlestick Pattern� .Setting the take profit level is a bit tricky in the advanced channel trading strategy.

The trader uses the partial profit booking method in this strategy. Once the pair forms a bearish price action confirmation signal traders wait patiently for the market to make the decisive move towards the major key support level. In the first support level, traders book 50% of their running profit and keep their remaining trade running. They close the rest of the trade once the market hit the major support level of the channel floor.