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Trade Details
Strategy
M5DI
Currency Pair
EUR/USD
Trade Direction
Buy
Entry Price
1.09317
Exit Price
1.09380
Trade Size (Lots)
1
Trade Analysis
Reason for Entry
Price at 1h OB, M5 Mog and Div
Entry Date / Time
8 August 2023
Exit Date & Time
7 August 2023
Entry Time Frame
5M
HTF For Analysis
1H
S&R
Yes
OB
Yes
Liquidity Identified
Yes
Entry at FVG
No
Mog Arrow
Yes
MACD Cross
Yes
RSI OBS
Yes
Divergence
Yes
Entry Trade Zone
Discount
PrVRe
Proactive
BOS
No
CHoCH
No
Market Conditions
Stong downtrend filling previous FVG, price came to OB and went sideways. Waitied for M5 Mog and AO diveregence, entered Buy Limit order on the estimated SL point
4 Hour Trend
Down
1 Hour Trend
Down
15 Min Trend
Down
Trend
LH (Lower High), LL (Lower Low)
Trade Outcome
Result
Profit
Profit/Loss Amount
(GBP)
49.61
TP
TP1
Trade Management
Initial Stop-Loss (Pips)
5
Final Stop-Loss (Pips)
5
Target Profit 1
5
Target Profit 2
10
Any Adjustments
Closed trade at 5 pips as against the trend
Emotional Analysis
Emotions During the Trade
saw the price go in right direction and potentially close early as there was a FVG above that price would likely reach
Mistakes Made
closing the trade early
Notes and Observations
Lessons Learned
What Went Well
marking up of the charts and position of buy limit was spot on.
Areas for Improvement
trust in the analysis. The trade went to TP2
Attachments
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