25 Jan 2022: AUDCAD

 AUDCAD long trade on 25/1/2022

Pre-Analysis:-

- Fundamental news on AUD release this morning. Good result for AUD it may help to push price higher as we look to buy on AUD currency.

Entry:-

- 1st entry:-

- 2nd entry:-

Post Analysis:-

- Both entry was loss

- What was a silly mistake by me, I should not loss this 2 trade.

- First trade the stop was not right, the stop should set 2 pips lower. I will stop out anyway but this will prevent me to take another trade and this will prevent me to loss $ 186.49 (close to 2%).

- After loss 2 trade then as usual my confident drop and I hesitate to take USDJPY long trade after that which will give me positive result.

- The trade shown below:-