This is sample trade that can be taken on 1 Sept 2021. EURAUD short trade. This is a cheese trade.
Pre-Analysis:-
Session Breaks Strength Number:- EURAUD (+4 / +7)
Fundamental:- EUR got good release on unemployment rate (7.6% / 7.6% / 7.8%). For AUD news also good according to GDP release (YoY) (Q2) (9.6% / 9.2% / 1.3%). Both currencies have good result.
Trading Plan:-
Trade Classification:- C trade
(the strength number consider tight & fundamental show good release. therefor I rate this trade as C)
Post Analysis:-
- I purposely record this sample to how a C class trade that did not perform.
- Although it has set up but strength number and fundamental did not show any favor to either currency.
- This C trade should be manage carefully.
- Max profit around 0.85R only for the entire day.