USDJPY long trade on 21/7/22
Pre-Analysis:-
- Correlation favors USD as stronger than JPY. Fundamental sentiment also shows USD strong.
- Entry during Asian session.
Post Analysis:-
- Trade end up loss.
- Several key mistake, I did not check on economic calendar and there was a news release related to JPY.
- This could potentially got spike on price.
- But my entry hit stop before news release. During news release price spike out and still if previously my entry not out but this time it will hit the stop.
- Although after news release, price started to push up but eventually during New York session sellers dominated and hammered the price back down.
- This is a difficult trade situation unfortunately.