USDJPY long trade on 22/1/25
Pre-Analysis:
- This trade based on scalping system with target of 1R.
- At this point I believed USD currency was the strongest.
- Based on pullback I decided to take this trade.
Entry:
- Entry time 3:50pm
Post Analysis:
- Scratch this trade as price not advancing fast, instead price dropped towards my stop.
- This trade supposed to be on JPY weakness rather than USD stronger.
- Supposed I trade EURJPY for a long trade
- Time of trade around 5:30pm
- Immediate strength meter
- In this system, I will target 1R only.