CADCHF long trade on 23/8/22
Pre-Analysis:-
- CHF currency was the weakest according to strength meter. All the CHF currency pairs broke Asian session.
- Trade taken during New York session approx. entry time was 9:49pm
- TP set at 2R profits
Post Analysis:-
- Trade closed with loss.
- However I manage to reduce the loss.
- After saw price came back to my entry level and push lower, immediately I closed the trade to avoid bigger loss. This time I did not second guest it.
- Another area that need to be look is, should I move stop to breakeven? this will avoid loss totally. Price shown some profits at the beginning but unable to reach intended target .
- Here is GBPCHF long trade as an alternatif and this trade able to reach 2R profits target.
