GBPUSD long trade
Pre-Analysis:-
Entry:-
- Setup no supply (ns) bar with success test
- ns bar with low volume, next bar close higher than ns bar.
- Entry after success test of ns bar
- Risk 1%
- TP at 2R profit
Post Analysis:-
- Price attempted to go high but failed
- An effort bar (ef) also show failed.
- When price aggressively turn toward stop, I decided to close and took small loss.
- Monitoring was good and able to manage this trade to only a small loss.
- Below is trade example, EURCAD (short) that perform better.
- Time of entry:- 3:00pm
- Potential max profit 4.73R
