EURGBP long trade on 8/10/24
Pre-Analysis:-
- Trade based on H4 timeframe strength meter.
Entry:-
Post Analysis:-
- I have to scratch this trade. Saw price return back to entry point and may piercing towards my stop, that why reason for me to scratch it.
- Mistake on choosing this pair, as both EUR did not turn as the strongest currency, while GBP also was not in the weakest.
- Why I took this trade? clearly I'm not following my own set of rules.
- Here is EUR group:-
- This is GBP group:-
- Depending on strength meter might not give correct pair selection. I must read currency strength across the board manually.