the basic term describes price action in a way that can be seen by traders on a chart when a particular pair does it for a certain time frame requires the concept of support and resistance and trend lines to understand and Price Action Trading is a discipline to make all your trading decisions from a price chart that is not eliminated or burned. This means there are no indicators left behind the moving pair average to help identify areas and trends of dynamic support and resistance. All financial markets produce data about market price movements over a variety of time periods; this data is displayed on the price chart. The price chart reflects the beliefs and actions of all participants (human or computer) who trade the market for a certain period of time and this belief is depicted on the market price chart in the form of "price action".
While economic data and other global news events are catalysts for price movements in the market, we do not need to analyze them so that market trading is successful. The reason is quite simple; all economic data and world news that cause price movements in a market are finally reflected through price action on the market price chart.
Because market price actions reflect all variables that affect the market for a certain period of time, using lagging price indicators such as stochastic, MACD, RSI, and others are just a waste of time. Price movements provide all the signals you need to develop a profitable trading system and high probability. These signals are collectively called price action trading strategies and provide ways to understand market price movements and help predict future movements with a high enough level of accuracy to give you a high probability trading strategy.