In this video, we analyze a trading setup for NZD/JPY, highlighting a key support level that has influenced price action. The price bounced off this daily support level and began to rise, signaling potential bullish movement. Switching to the 4-hour chart, we identified an indecision candle, a strong indication that buyers may take control if price breaks above the high of that candle.
Currently, this trade is up 35 pips, and we’re monitoring for a potential pullback to retest support before resuming the uptrend. If price moves back up, we may adjust the take profit level to maximize gains.
Key Takeaways from This Trade:
• Daily support bounce leading to bullish movement
• 4-hour indecision candle confirming a potential breakout
• Trade currently up 35 pips with possible retest before continuation
• Strategy for managing risk and maximizing profits
Whether you’re a beginner or an experienced trader, this breakdown provides valuable insights into Forex technical analysis and trade management.
Want to learn how to trade Forex profitably?
Visit www.learnandtradeforex.com for expert trading strategies, educational resources, and mentorship!
Support the Channel!
LIKE this video if you found it helpful!
SHARE this with fellow traders!
SUBSCRIBE and turn on NOTIFICATIONS so you never miss an update!
Have questions? Drop them in the comments, and let’s discuss!
#ForexTrading #NZDJPY #ForexAnalysis #TradingStrategy #ForexSignals #PriceAction #TechnicalAnalysis #ForexEducation #TradingSetups #SupportAndResistance #DayTrading #SwingTrading #ForexTrader #LearnToTrade #ForexForBeginners
コメントを残す