When to Enter in a Trade (Trade Review) – USD/CHF M5
This trade was taken in the 5 minutes timeframe at the today’s London session. There were 2 things going for the trade:
- The background was strong at the time
- There were multiple demand signals nearby (strength)
But sometimes the market only gives 1 shot, and this was one such example – the opportunity was missed when there was a down bar with about average volume. The trade was taken when the rally was already underway, and the volumes were drying up.