EUR/USD Trade January 12, 2018









Live Trade Overview

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

This trade on EUR/USD was a nice clean RBR, we had an ascending triangle and i caught the break out and took 8-10 pips per positions!

15m Time Frame

My Entry:

This was a very simple and clean trade, on higher time frame we where extremely bullish. And on lower time frame (15m) we are in an upward consolidation (creating higher lows) and so i was looking for a move to break that zone. On the huge bullish candle that i entered on, i noticed that we started to push up really hard about 5m before the close of this candle, so i took entries there, giving me the best possible entries i could have gotten. I took profit about 8-10 pips about halfway to the next zone and went on with my day.

How To Improve:

I could improve on this trade by simple holding the full zone, which would have gathered me around 18-20 pips per position rather than 8-10. Other than that, my entry and SL placement was perfect to how i wanted to execute this trade.

 

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