17 Jan 2025

16 Jan 2025: GBPJPY

 GBPJPY short trade on 16/1/25

Pre-Analysis:

- Currency strength meter GBP = -7, JPY = +5

- Following yesterday trade on this pair, I saw an opportunity again to short. After analyzing all the data and information I decided to trade this during Asian session.

- Risk $10, exit plan at 2R profit level, scratch this trade if data from immediate strength meter doesn't support this trade anymore.


Entry:

- Entry time 9:12am (trade was the second in this chart)


- Immediate strength meter 



Post Analysis:

- Preparation was good. This time I'm totally focus. Check everything to ensure I didn't miss this opportunity.
- Feel so good to catch this smooth trade. Need more of this kind of trade and consistently profit from it. Surely I'm on my way to recover this account.
- Often I missed trade during Asian session. But not today. Happy.