I like trading with this analysis because simple to analyzed use candlestick pattern, combine with price action, usually also look on support and resistence area, but whatever system trading that used risk management is important.

Trading with price action involves analyzing and making trading decisions based solely on the price movements of an asset, without relying on traditional technical indicators or fundamental analysis. This approach emphasizes understanding market psychology and interpreting price patterns to identify potential trading opportunities.

To trade with price action effectively, traders typically follow these key principles:

1. Identify Support and Resistance Levels: Price action traders look for areas on a chart where the price has repeatedly reversed direction, indicating levels of support and resistance. These levels can help determine entry and exit points for trades.

2. Analyze Candlestick Patterns: Candlestick patterns provide valuable insights into market sentiment and potential price reversals. Traders pay close attention to patterns such as pin bars, engulfing patterns, and inside bars to gauge market direction.

3. Use Price Patterns: Price patterns, such as head and shoulders, double tops, and triangles, can signal potential trend reversals or continuations. Identifying these patterns helps traders make informed decisions about entering or exiting trades.

4. **Employ Trend Analysis**: Price action traders assess the overall trend direction using techniques such as trendlines, moving averages, or price channels. Trading in the direction of the trend increases the probability of success.

5. **Implement Risk Management**: Managing risk is crucial in price action trading. Traders should determine their risk tolerance and use stop-loss orders to limit potential losses. Additionally, maintaining a favorable risk-to-reward ratio ensures that potential profits outweigh potential losses.

6. Practice Patience and Discipline: Successful price action trading requires patience and discipline. Traders should wait for high-probability setups and avoid overtrading based on emotions or impulses.

By adhering to these principles and continually refining their skills through practice and experience, traders can effectively trade with price action and improve their chances of success in the financial markets.