: Success depends on high liquidity and tight spreads. Major pairs like EUR/USD, GBP/USD, and USD/JPY are preferred because transaction costs can otherwise consume 10%–40% of potential profits. Primary Trading Setups
: Pure price action traders often use "naked" charts. One prominent approach by author Bob Volman recommends a 70-tick chart with only a 20-period Exponential Moving Average (EMA) to gauge immediate trend bias. FOREX PRICE ACTION SCALPING
: Buying near support and selling near resistance when the market is moving sideways in a clear horizontal channel. : Success depends on high liquidity and tight spreads
: Entering a trade during a brief retracement within a larger trend, using patterns like pin bars or engulfing candles to signal the trend's resumption. FOREX PRICE ACTION SCALPING