CHFJPY short trade on 15/11/22
- Trade based on scalping strategy, as price approach previous drop and show sign of turning downward then we can find trade setup based on VSA principle on the downtrend.
- VSA chart: at this point all time frame show trend alignment (H1, M30, M15 & M5)
- Entry
- Time of entry 7:00pm
- Max profits 8.85R (based on M5 timeframe entry)
- However I classified this trade as C trade. ( it was a reversal trade without major SOW), this should be taken at 0.25% risk.
- But with high RR rate this could give around 2.2% increase in account balance.