AUDNZD short trade base on cheese trade.
Pre-Analysis:-
Session Breaks Strength:- AUDNZD (-6 / 0). NZD looks like a neutral currency.
Fundamental:- NZD has news event that show strength from last week.
Trading Plan:-
Trade Classification:- C trade
(NZD looks neutral and news event is from last week data, therefore this trade is C class.)
- Digestion:-
- As C trade I target only 1R profit.
- Risk 1% ($100)
Post Analysis:-
- I scratch this trade as it did not work. But the loss not touch my original stop. (less loss)
- Here where the situation of BRAIN BEEN HIJACKED. My thought only seen this pair only, while there was another pair that set-up better than this.
- Need to scan all pair, it is a must so that I can make comparison between all pairs and choose the best pair to trade.
- Below is NZDCAD for long trade that perform and give huge profit.
