You are currently viewing EUR/JPY Trade January 3, 2018

EUR/JPY Trade January 3, 2018





style=”text-align: center;”>Live Trade Overview

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This was my second trade of today, it was on EUR/JPY and i took a profit of 8 pips. ahah same exact and EUR/USD. It was actually the same set up too. Perfect set ups not pairs?

15m Time Frame

My Entry:

On this trade i noticed that, same as EU we have created a support zone. How i could tell this was all of the wicks rejections that price was creating. I entered this trade on the red candle, with a goal of a zone to zone move. I took profit where i did (8 pips) because i did not like how price was moving, it was slow and not fluid like i like. Inevitable my tp zone was hit, i would have been stopped out though.

How to Improve:

The only thing i could really improve on would be to have entered earlier, or have waited for the retest of the support zone and entered after the bullish engulfing. Other than that im very happy with the outcome of this trade. 2018 will be big, just warming up.

Check out EU trade i took today (here)

Happy Trading!

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