Price action is the practice of reading raw movement in price, usually on a candlestick chart, rather than relying on indicator outputs. It focuses on where price has reacted, how quickly it moved away and whether a level held. Because it uses no calculated overlay, the interpretation depends heavily on the experience of the person doing it.
Forex glossary
Price Action
Related term
Candlestick
A candlestick summarises four prices for one period: the open, the close, the high and the low. The wide body shows the distance between open and close, and the…
Spotted an error or a missing nuance?
Definitions are written by us and corrected when we are told we are wrong. If your broker quotes differently — especially on gold — say so and we will record the assumption.