Sample trade that can be taken on 28 July 2021.
Pre Analysis:-
Correlation:- NZDUSD (3 / 11)
Market State:- price traded on down channel & price near the top channel, thus short trade was very logical.
Session:- NZD broke Asia session (weak). 5 pairs
Fundamental:- USD news sentiment was strong, there was CB Consumer Confident released & sentiment was strong for USD.
Trading Plan:-
Trade classification:- A trade
Entry:- wait for pullback/digestion & entry in money spot area
Exit:- as A class trade, exit follow trailing profit. be aware of FOMC news release at 2:00 am
Chart:-
Post Analysis:-
