AUD/USD Trade January 9, 2018









Live Trade Overview

A Teen Trader is an educational Site Only. Risk what you can afford to lose.

before you say anything, yes, i did trade this on the 5m. IT was a very clean set up on the 15m but i wanted to drop down into the 5m and check it out. Very clean. I grabbed 7 pips on this trade with a sl of only 3 pips. Great RR.

15m Time Frame

Entry:

This is the 15m time frame, I noticed that we had Rejected a major support zone. So i look for a rejection, which had already happened so i waited for this resistance line to be broken (shown above) which was broken so i entered.

5m Time Frame

My Entry:

On the 5m this trade Looked MUCH cleaner so that is why i included this and posted this on the gram (here). What we had was a break ABOVE the resistance Line drawn on the 15m time frame, so i took buys. We then pushed up a solid bit and moved back to RETEST that zone we just broke. The key to me to continue my bias to the top resistance zone was the fact that we didn’t close BELOW the line. I Took profit at the zone and got a perfect exit, +7 pips.

How to Improve:

How i could have improved on this trade is simple. I could have entered earlier at the support zone OR i could have entered on the true retest of the broken minor resistance zone. Again those are not big things, but you can always take things away to better you trading.

Happy Trading!

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