EURCAD long trade on 31/1/23
Pre-Analysis
- CAD currency correlation. But this still not showing any clear information on CAD weakness.
Entry
- Time of entry 5:04pm
- Risk 0.25%
- Exit plan: TP at recent high, Stop at max 0.25% of account balance loss.
Post Analysis
- Finally scratch the trade.
- Exit with miniscule profit.
- No support of correlation.
- No sign of technical indicator to support this entry.
- Overall ok with trade management. Avoid loss this time.
- Price level after I exit the trade
- I found another pair EURGBP for long trade that has success. Chart on another journal post.
