EURGBP long trade on 23/01/23
Pre-Analysis
- Price at support and divergence appeared.
Entry
- Time of entry 3:39pm
- Risk 0.25%
- Exit plan, exit at the next level (previous drop)
Post Analysis
- Exit with profit.
- This trade entered with FOMO, noticed I am under pressure when price did not move as I expected.
- Price only move the next day under influence of some important news event. News release related to GBP flash manufacturing/services PMI.
- This shows news release play important role when come to market moves.
- I should wait until the next day to enter the trade, this let me avoid so much pressure waiting for market to move.
- Price after I exited the trade
- Much better pair to trade was GBPCAD short trade. Trade can be entered also on 23/1/23
