The forex market is an ongoing supply and demand , the out of balance of a price it self gives us direction as where it is headed. Here was the trade I planned and trade in a carefree state, the out come end up with a low risk profit of $2364
I had put a pending order at 1.4437 just at the supply level price. Though it was levels on top of levels, but the level I chose was met all its criteria in defining the actual supply.
Supply exceed demand at 1.4437 thus rejects and price went down. My orders filled and exit within 24 hours at the demand level of 1.41742.
What did I do best ?
I followed my planned trade.
What should have been improve or changed ?
Nothing, keep going the same thing and consistently.
Whats next ?
Backtesting for short term demand supply on a 5 min chart with large position size,