Price action and Indicators

The price action allows the trader to focus on the price and its behaviour. The movement, the extension, the colour of the candle, the thickness of the body of the candle, are just some of the features that can express much more than what 10 oscillators may together represent on a single chart.

As we see from the circle, the bearish pin bar that the market had reported could be exploited thanks to the technique of price action on the very next day with a short entry below the low of the pin bar. The Stochastic signal sent it only three sessions after the pin bar while the MACD indicator even after six sessions.

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