🔥 ULTIMATE PRICE ACTION GUIDE FOR QUOTEX TRADERS
(1-MIN STRATEGY)
📘 CONTENTS:
1. Introduction to Price Action
2. Support & Resistance (SNR)
3. Reversal Trading Strategy
4. Breakout Trading Strategy
5. Fake Breakouts – How to Avoid Them
6. Real Market vs OTC – What Works Where
7. Final Tips & Entry Checklist
🧠 1. What is Price Action?
Price action is the study of price movement without any
indicators. It involves:
- Candlestick patterns
- Key price levels (support/resistance)
- Market structure
- Price behavior (wicks, bodies, momentum)
Price Action = Reading the language of candles.
📏 2. Support & Resistance (SNR)
📍 Support:
A level where price stops falling and reverses upward. It acts like
a “floor.”
📍 Resistance:
A level where price stops rising and reverses downward. It acts
like a “ceiling.”
🔁 How to Draw SNR Zones:
- Look for at least 2 touches from past candles
- Prefer levels on 5-min or 15-min timeframe for accuracy
- Draw zones, not lines — 1-2 candle body range
🔄 3. Reversal Strategy (1-Min Trade)
✅ CALL (Buy):
- Price touches support zone
- Candle makes a long lower wick
- Closes green (rejection candle)
- 📥 Enter CALL on next candle
✅ PUT (Sell):
- Price touches resistance zone
- Candle makes a long upper wick
- Closes red (rejection candle)
- 📤 Enter PUT on next candle
🔍 Key Candle Patterns:
- Pin Bar: Long wick, small body
- Engulfing: Big candle eats the previous candle
- Doji: Small body, equal wicks = indecision
🚀 4. Breakout Strategy
✅ When to Trade Breakout:
- Candle closes outside SNR zone with strong body
- Candle is big (Marubozu style)
- Momentum visible (multiple candles same direction)
🔁 Entry Options:
- Enter immediately on breakout candle close (high risk)
- OR wait for retest of broken level then enter (safer)
📉 CALL Example:
- Price breaks above resistance
- Green candle closes above zone
- 📥 CALL entry on next candle or retest
📉 PUT Example:
- Price breaks below support
- Red candle closes below
- 📤 PUT entry on next candle or retest
❌ 5. Fake Breakouts – How to Spot & Avoid
🚨 Signs of Fakeouts:
- Candle closes just barely outside level
- Weak volume or small body
- Immediate reversal on next candle
- Happens often in OTC markets
🛡 How to Avoid:
- Use higher timeframes (5-min+ SNR zones)
- Wait for retest before entering
- Avoid low volatility sessions
🏁 6. Real Market vs OTC
| Factor | Real Market | OTC Market |
|--------|-------------|------------|
| Candle Accuracy | ✅ Natural | ❌ Artificial |
| SNR Respect | ✅ Strong | ❌ Often Fails |
| Volume Logic | ✅ Exists | ❌ Doesn't Matter |
| Good for Reversals | ✅ YES | ⚠️Sometimes |
| Good for Breakouts | ✅ YES | ❌ Unreliable |
🔑 Trade reversals in Real Market. Use OTC for testing only.
✅ 7. Final Entry Checklist
| Condition | Reversal | Breakout |
|-----------|----------|----------|
| SNR zone touched | ✅ | ✅ |
| Long wick rejection | ✅ | ❌ |
| Big candle body | ❌ | ✅ |
| Candle closes inside zone | ✅ | ❌ |
| Candle closes outside zone | ❌ | ✅ |
| Retest happens | ⚠️Good | ✅ Great |
| OTC | ⚠️Okay | ❌ Avoid |
| Real Market | ✅ Best | ✅ Best |
📌 BONUS TIPS:
- Trade only during London or NY session (2 PM–10:30 PM IST)
- Use 1-minute expiry only after candle close
- If confused: No trade is also a trade
- Wait for perfect entry — don't rush
🧠 MASTER THIS GUIDE. PRACTICE. WIN CONSISTENTLY.
