Trade Management & Analysis on A Losing Trade

usdjpy trade location 15 min chart 2ndskiesforex

Changing tack a bit here, I’m going to be covering a losing trade here to give you an idea about price action, trade management and what I learned from this trade.

In my weekly trade setups commentary, I covered the USDJPY which had just broken range resistance and the ‘big figure’ at 125, suggesting more bullish price action.

I trade more with trend vs. counter-trend and was definitely bullish on this pair, so looking to get long.

Below is a 1hr chart of the pair right before the breakout.

You can clearly see the uptrend movement starting from the bottom left of the chart, which eventually led to a corrective phase (blue box), or a period of balancing in …

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