Jump to content

How do professional read price action?

Guest oilfxpro

Recommended Posts

Guest oilfxpro

Professional's are looking a change in supply demand , multiple rejections of a price , up channels in place to confirm more demand ,down channels to confirm higher supply.Usually big bars (more than one give) an indication of change of balance in supply  demand.Break of two higher resistances or two lower  supports indicates change in supply demand.Price action is only a map, anything can happen, after a trade is put on, it can breakdown.


Keep your price action simple stupid and use 1 hour plus time frames.






I called a trade on oil here based on price action,The price action told me it was a buy.I like this oil set up The price is sitting at resistance , it is challenging resistance.The trade made  +60.Here is image  


oil price action.jpg


Here is Euro /usd  trades I took as a result of price action and got two trades.


professional price action reading.jpg

Link to comment
  • 3 weeks later...


This topic is now archived and is closed to further replies.

  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    Joined 07/06/23 14:33
  • Posts

    • Look Ahead to 8/6/23: eurozone, Japan growth; US initial jobless claims; Crest Nicholson, MITIE earnings Growth is in focus as investors await eurozone and Japan GDP data, plus keep an eye out for US initial jobless claims ahead of the Fed monetary policy meeting next week. Crest Nicholson and MITIE post results. Angeline Ong | Presenter, Analyst and Content Editor, London | Publication date: Wednesday 07 June 2023              
    • With the price of Brent having failed between $77.50 and $78.50 three consecutive times in the past month, we will go short at $76.70 with a downside target at $72.00 and a stop-loss at $78.55 on a daily chart closing basis. Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Wednesday 07 June 2023
    • Charting the Markets: 07 June Indices grind higher. EUR/USD, GBP/USD and USD/CAD struggle to make headway. And WTI and gold trade in low volatility while wheat slips back. Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Wednesday 07 June 2023                       This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
  • Create New...