USDCHF long trade on 1/12/22
Pre-Analysis:-
- This was a counter trend/reversal trade. Higher timeframe shows USDCHF on downtrend, but on smaller timeframe (M15) sign of strength (SOS) appeared. This trade always C class trade.
- VSA chart:-
Entry:-
- Time of entry 9:00pm
- Risk 0.25% (C class trade)
Post Analysis:-
- Losing trade, full risk.
- Counter trend trade always difficult.
- Pay attention also to bar that appeared SOS indicator, it was not a wide spread. Give more weight to wide spread bar with SOS indicator.
- I will post EURUSD long trade as example that work extremely well compared to USDCHF long.
- I lost again opportunity to score good profits, next I need deeper thought on pair selection, really study and analyse every trade option before committed a trade.
