CHFJPY long trade on 12/9/22 based on cheese trade.
Pre-Analysis:-
- JPY was the weakest currency across the board. All JPY pairs broke Asia session.
- Strength meter:-
Entry:-
Post Analysis:-
- Trade end up with loss. However I manage to scratch this trade to avoid full loss.
- Here where am I went wrong, technically speaking the spot that I entered was not a confirm break-out of range. It leaves a wick on top (refer to entry chart), that sign of the trade might not ready yet.
- Here is how this same pair should be trade, it happen earlier during Asia session with time of entry approx. 12:18am
