CHFJPY short trade on 4/5/23
- Yen group shows strength, the focus on taking JPY pairs was highly possible.
- CHFJPY on downtrend, during Asia session price pullback and has opportunity to continue drop.
- Trade possible at 2:30pm during early Frankfurt session.
- Note: I missed this trade. Although I am aware of Yen strength but I did not see CHFJPY instead focus on AUDJPY. It end up AUDJPY did not give me clear entry indication and there was no trade for that pair either.
- The missed cost me roughly 3R profit.
- Next time need to look at all pairs in particular currency group. In this case I should look into all JPY pairs.