Traders study forex price action on different time frames depending on a specific trade’s objective. For longer-term trades, very short-term price action may seem less important, but for shorter time frames, judging price action on a "micro" level becomes crucial.

Micro price action is best studied on the five-minute, one-minute, and tick time frames. These charts contain a variety of specific price activity that can be used to make entry and exit decisions with greater confidence. The following discussion explores some of the most common micro price patterns in the forex market and how they can be traded.