CADJPY long trade on 19/7/22
Pre-Analysis:-
- Correlation wise CAD stronger than JPY. Fundamental also support CAD as a strong currency.
Post Analysis:-
- Trade ended with loss
- Should not trade this, timing again was wrong. The price on 15 minute chart trap me into very poor position, it enticed me to rush and made an entry. Should be patience.
- Price eventually went higher during New York session, but I will never get chance to enter as range pattern not develop.
- Alternative trade on AUDJPY long trade. Chart as below:-
