"Education does not end in school. To be successful in life or trading we must never stop learning. The market and the world are constantly advancing and changing and the only way to keep up is to keep learning"

Couple of trades entered on Wednesday, one closed at breakeven and another with 68 pips in profit. Here are trade reasons:

Trade 1 - USDJPY entered a buy limit order at H1 demand zone with around 100 pips stop loss and 200 pips take profit target. There was immediate reaction from the zone and price moved higher about 70 pips and hit opposing supply zone. At this stage I moved my stop loss to breakeven. Although price broke out of the opposing supply zone and move little higher, but there was sharp bearish movement after US retail sales numbers came below expectations and price hit my stop loss level. Trade result breakeven.

Trade 2 - AUDUSD: Entered trade at a higher time frame supply zone and close of H4 bearish bar. Stop loss and take profit was set at around 100 pips. However, closed trade due to weekend margin requirement. Trade result +68 pips.




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