Time for another live Forex trading video! In this video, I trade the USDJPY using price action analysis on the 1 hour time frame. The trade was profitable but the take profit was not reached.
To justify a trade, a look for a number of reasons to enter the trade. For this long position, I used a trend support line, a due bullish move, higher highs and higher lows, bullish moving averages, and a bullish setup to justify the trade.