Category:10 Best Price Action Trading Patterns

10 best price action trading patterns[1]. August 18, 2020 By Al Brooks

These 10 Best Price Action Trading Patterns are my favorites, and successful traders use these patterns every day to make money. Be flexible because each has many variations. If you keep your mind open to all possibilities, you will begin to see them every day, in every market, and on every time frame.

So which is the best price action trading pattern for swing trading or for scalping? Which is the best for Forex markets? What about for day traders or commodity trading? It does not matter because any pattern can be the best, depending on the chart in front of you.

Also, several might be present at the same time. For example, there can be a failed breakout above a bull channel at a measured move projection, and the breakout might have been out of a triangle. Some traders would call it a final flag reversal, others might see a major trend reversal, and some would concentrate on the failed channel breakout.

The key is to understand what forces are behind the price action patterns and be ready to trade them as you see them unfold.