Do you want to trade Forex without indicators? Well, I’ll show you exactly how to do that! In this live price action trade video I enter a long reversal trade on the NZD/USD daily chart.
The great thing about trading daily charts is that they are low maintenance. This trade took me less than two hours to enter, manage, and exit successfully. While the trade was open for several days, I did not need to check in on it constantly. I checked it a few times on the Friday when I entered, and then a few times on Sunday and Monday at market open.
No indicators, no fuss, pure price action trading!
The trade was a NZD/USD Long with a 1:2 risk to reward ratio and a pip gain of 87. Enjoy the video and feel free to ask any questions below.