On the utility of price action for exotic pairs

Morning all. Just glancing at some of these more exotic pairs today and it really brings into focus how much I rely on the raw price action over any indicator. Seeing $MXNJPY hovering around 9.28 after hitting 9.31012 earlier, or $IDR up at 30.78 having touched 31.6, the candlesticks just scream more at me than any RSI or MACD ever could. It's almost like the wider swings in these less liquid markets make the indicators feel sluggish, lagging behind the real story developing on the chart.

I know a lot of folks swear by their indicator stack, and I get it for more mature markets, but for things like $MXNJPY or $IDR, where the liquidity might not be as deep and the news flow can hit harder, it feels like pure price action gives you a much cleaner read on sentiment and immediate direction. Am I totally off base here, or do others find the same? Keen to hear arguments for the other side, because I'm always open to having my mind changed.