Technical analysis strategies that actually work in forex trading
Technical analysis is the foundation of successful forex trading. However, many traders make the mistake of using too many indicators or following outdated strategies that no longer work in today's fast-moving markets.
The most effective technical analysis approach combines multiple timeframe analysis with key support and resistance levels. Professional traders focus on confluence zones where multiple technical factors align, creating high-probability trading opportunities.
Price action trading has gained popularity because it focuses on raw price movement rather than lagging indicators. By understanding candlestick patterns, trend lines, and market structure, traders can make more accurate predictions about future price movements.
