AUDCHF long trade on 15/4/22
Pre-Analysis:-
- Trend shows this pair was in uptrend.
- Correlation however not in the group of the strongest nor the weakest currency. Hence I decided to reduce the risk to only 0.5% of account balance.
- I decided to still took the trade as I am lack of decent trade along this week.
Entry:-
Post Analysis:-
- I closed the trade with loss.
- This trading day in public holiday (Good Friday), banks mainly closed business therefore liquidity was very low, no active activity in the market.
- Spread also widen a little bit compare to normal business day.
- Lesson, never trade if public holiday impact the amount of activity in the market, market will not move on the absent of big banks.