EUR/JPY Trade January 15, 2018








 

Live Trade Overview

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

Today i had off school, so i found a perfect entry trade on EUR/JPY. I won this trade a took a TP of +7-10 Pips per position.

15m Time Frame

My Entry: 

This trade was a very simple and almost perfectly clean Trade. We had a break and retest of a zone from the 15m time frame as you can see to the left. Then we pulled back and had a Bullish engulfing candle with confirmed to take buys BACK to that resistance zone! Which was around 7-10 pips per position. Which got hit very quickly!

How to Improve:

It is easy to improve on this trade for this is another trade i missed the ideal entry and had to catch around half of the move, i caught around 7-10 pips when i should have caught around 17 pips. Ideal entries will always be something we are working on!

Check out my NEW YouTube Video on Candle Confirms (here).

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