EURUSD long trade on 17/3/25
Pre-Analysis:
- Trade based on H4 timeframe, using trend pullback setup.
- Currency strength EUR = +7, USD = -5
- Risk $10
- Exit plan, I target to take profit when price make new high on H4 timeframe.
Entry:
- Time of entry 5:39pm
Post Analysis:
- Closed with miniscule profit.
- Price move until 2R profit value, but I stay with my plan to wait for new high to book a profit.
- I also move my stop at break even on 17/3/25 trading day.
- Entry price can be improve by taking an entry inside small range that occur before price launch.
- On next day, during London session price aggressively went back to my entry level, this made me decided to close as a measure to capital protection.
- This trade management maybe different if I take partial profit at previous high and let the trade run if price able to break previous high.
- Maybe on future trade I should take partial profit.
