[b][/b]Developing a Forex trading strategy based on price action involves analyzing historical price movements to make trading decisions, without relying on technical indicators. This approach emphasizes reading and interpreting the price charts to identify patterns and trends that suggest potential future market movements.

1. **Understand Market Structure**: Study the fundamentals of market structures such as support and resistance levels, trend lines, and chart patterns to identify potential entry and exit points.

2. **Identify Key Price Levels**: Focus on significant price levels where the market has historically reversed or consolidated, as these areas often provide high-probability trade setups.

3. **Use Candlestick Patterns**: Learn to recognize and interpret candlestick patterns (e.g., pin bars, engulfing bars) which can provide insights into market sentiment and potential reversals or continuations.

4. **Monitor Price Action Triggers**: Look for specific price action triggers, such as breakout or reversal signals, to confirm the timing of entries and exits in your trades.

5. **Practice Risk Management**: Incorporate strict risk management rules, including setting stop-loss and take-profit orders, to protect your capital and ensure long-term profitability in trading.

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