GBPUSD short trade on 14/1/25
Pre-Analysis:
- Currency strength meter GBP = -7, USD = +7
- Exit plan at 2R profit.
- Aware of important news release related to USD (Core PPI m/m and PPI m/m)
- Entry time 8:43pm, before news release.
- Immediate strength meter
Post Analysis:
- Scratched trade as price not drop as I expected and also influenced by data release PPI that not favored USD currency.
- Lucky to grab a little profit as I'm scratching it.
- Price not drop and surely hit my stop if I didn't scratch this trade.
- Made my decision swiftly and without hesitation.
