Price Action Strategy is a technical analysis of stock based on the movements of the prices of assets/commodities in Forex market. This is short term trading strategy and many short term readers rely on the price movement of asset to make their buying or selling orders decisions.
However, Price action strategy mainly rely on historical price ( Open, Close, HIgh and Low) instead of fundamental analysis.
There are two area ( Support and Resistance) in this chart. When the prices are in bottom of this chart, It makes Bullish signals that the prices have fallen and now the market will bounce back toward bullish. There on the top of the chart is making the selling signal as the prices have go upward and hence the market is to reverse back.
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