After an extremely volatile NY session yesterday many pairs were consolidating a bit before deciding what to do next. During late Moscow/early London session time frame many pairs began their journey onward. One of the trade plans we put together in the classroom revolved around the EUR/JPY. This pair offered evidence of a likely breakout on the next 15minute candle, then immediately performed as expected. Even if members decided to await the actual breakout, this pair offered a retest with confirmation on a smaller time frame chart for entry. Either way most members at bootcamp were able to take advantage of this smooth trade that simply glided upwards all night riding the 5ema to our pre-determined take profit zone. Just one of a half dozen quality trade setups the market offered us today, netting members 80-100 pips depending on entry/exit. Gotta love moves like this, it really does not get much better than this.
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