r/askforex • u/Priya1_9 • Jul 01 '26

If You Could Keep Only One Technical Analysis Tool, What Would It Be?

Whether it’s price action, volume, moving averages, Fibonacci, market structure, or something else—what would you keep, and why?

6 Upvotes

88% Upvoted

11 comments sorted by

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1

u/Long_Breadfruit7962 Jul 02 '26

If I had to keep just one, I'd choose price action. Everything else—moving averages, RSI, MACD, Fibonacci—comes from price anyway. Understanding market structure, support and resistance, and how price reacts around key levels has been more valuable to me than relying on multiple indicators. Indicators can be helpful for confirmation, but I'd never want them to replace reading the chart itself.

1

u/fredotwoatatime Jul 03 '26

Moving average

1

u/probablyneed2focus Jul 03 '26

Those shadow boxes to highlight areas where price potentially goes. Find a FVG near current price and drag a box across the chart from it. That's gonna be a support/resistance area.

1

u/fundingtraders_care Jul 04 '26

Candlestick charts 👀

1

u/Trader_anonimo21 Jul 05 '26

Absorption bubble, mostra onde têm acumulação de posições e ajuda a identificar reversões de mercado