EURCHF short trade on 8/5/23
Pre-Analysis
- EUR shows weakness and CHF shows strength according to respective futures chart. Therefore short trade for EURCHF was a possible option.
Entry
- Time of entry 11:29pm
- Risk 0.25%
- Timing entry using hourly chart (based on hourly indicator)
Post Analysis
- Scratch trade with small profit.
- Not confident as price went down slowly, thinking it might not work.
- Timing was off this time as price move and give approx. 1.6R profit max.
Update: -
- Price at the end of 9/5/23 trading day.
