7 Dec 2022

6 Dec 2022: USDCAD

 USDCAD long trade on 6/12/22

Pre-Analysis:-

- USDCAD was in uptrend for higher timeframe (D1 & H4).


- VSA chart:- SOS appeared on M15 chart


Entry:-


- Entry time 6:00pm
- Risk 0.25%
- Trade classification: C trade (SOS without confirmation)

Post Analysis:-

- Trade closed at breakeven
- Move stop at breakeven before went to sleep. Price hit stop around 12:00am (7/12/22) and rebound after that.
- I thought this trade might not work but I'm prepared to breakeven that what made me move the stop.
- Eventually price hit higher and again I missed the profits.
- Now my other issue is how to exit a trade?


- As at 5:00pm 7/12/22 here is how USDCAD perform.