EURJPY long trade
Pre-Analysis:-
Entry:-
- Entry after success test of no supply bar (ns)
- But the volume was low compared to no supply bar volume.
- Entry time: 11:43am
- Risk: 1% ($ 100)
Post-Analysis:-
- I have to scratch this trade, as price came back down to my stop.
- Trade close with approx. $ 30 loss.
- I took this trade without scan all the currency, when I saw this set up I immediately prepare for entry.
- I did not scan the NZD group as this group set up for more interesting opportunity following some activity after news release of interest rate.
- I need to scan all currencies pair to discover possible good entry.
- Furthermore the setup for this trade did not show increase volume after ns bar test.
- This trade should not be taken and loss can be avoided.
- Below is NZDCHF short trade that give good profit.
- Time of entry: 1:45pm
- Potential max profit 4.37R
