Basic Price Action Strategies

Ranging price action

In the image below, you can take a look at the ranging PA pattern. So, when you have a range, you should be looking for a breach of a previous low or high. Basically, you are looking for a point where either the bears or the bulls take control.

Ranging Price Action Example

Trending price action

After either the bears or the bulls take control, the market for a particular currency pair takes a trending path downwards or upwards. Take a look at the chart below.

Trending Price Action Example