This is the Fifth lesson in our Basic Price Action Trading Course series
In this lesson, let’s discuss about Reading the Price Action Bar by Bar
Learn how to read and understand the Price Action bar by bar using Trending and Ranging Candles. This one skill can help you to find High Probability trades in all market conditions. After going through the Video, you’ll be able to analyze any markets using bar by bar approach…
Important Topics covered in the Trading Lesson
1. Reading Price Action Bar by Bar – At Horizontal Support and Resistance | 2. Reading Price Action Bar by Bar – At Parllel Trend Lines | 3. Bar by Bar Analysis
Test your knowledge
1. Here’s an Assignment on Price Action Bar by Bar Analysis :
Have you gone through the Video ? After Completely going through the Video, Take this Assignment to Test your Knowledge.
Choose any favorite chart of your choice; first mark the Support and Resistance zones or Parallel Zones. Then recognize the Trending and Ranging candles near those zones. Read the Price Action either candle by candle or bar by bar to understand the Market sentiment. Try to make a guess on which direction the prices are likely to move, see if your forecast comes right!
If you’ve have any questions or queries, Leave it in the comments. I am more than happy to discuss…
Previous Lesson – Lesson 4 | Don’t Use Candlestick Patterns! Do this Instead
Next Lesson – Lesson 6 | Recognizing Price Action Patterns for Profitable Trades
