24 May 2023

23 May 2023: CADCHF

 CADCHF long trade on 23/5/23


- Entry time 2:00pm
- Risk: trade with minimum lot size (0.01) as I am waiting of the possibility USDCHF short trade. This made me plan to split the risk rather than taking 1 trade with normal 0.25% risk.
- Exit plan: TP at 0.671 for approx. 5R


Post Analysis

- Stop out.
- Should not be a trade. Price drift lower from initial sign of strength (SOS). On higher time frame price show downtrend, taking long would be a risky trade.
- Price after trade stopped out.