USDCAD long trade on 30/11/22
Pre-Analysis:-
- Support on (H1) chart but it was not visible on higher timeframe (D1), this may take as B trade classification.
- VSA chart:-
Entry:-
- Entry time 1:15am (1/12/22)
- Risk 0.5% (B class trade)
Post Analysis:-
- Trade closed with stop out (full risk loss)
- I did not take into consideration there was speech by Fed Chairman, Jerome Powell which effect the price.
- During Powell speech price reverse and hit my stop.
- Need to consider important speech in the future, better not to trade during that event.
- All the process look good but one missing element that I overlook cause me a loss trade.
- Better next time for sure.
