CADCHF short trade on 20/12/24
Pre-Analysis:-
- Strength meter CAD = -2, CHF = +3
- Plan to exit at 2R profit.
Entry:-
- Entry time 6:04pm (London session)
- Immediate strength meter
Post-Analysis:-
- Scratch trade.
- During New York session price still hovering around my entry price and I started feeling that this price might not drop as I expected.
- At the end of this trading week, price for CADCHF was not dropping as I wanted and my decision to scratch was a right decision.
