Ok--- trade update stopped out on audnzd 35 pips loss.....picked up the loss and a bit more on the eurusd bear flag impulse.....
Lesson learned...... K.I.S.S.......KEEP IT SIMPLE STUPID.......Overthinking it can sometimes be a detriment to my trading....Sure thing....classic textbook setups like eurusd....eye it like a hawk and buy on the break or if buying the structure overthink in relation to setting stops etc perhaps....however some other perceived (my perception) structural setups....do not buy until multiple confirmations....And in the case of that trade with audnzd the overall theme is bullish however there is very often big pip movement in the other direction of the overall theme and I tried to take advantage of that potential in this pair. Perhaps I timed it too early....perhaps it won't happen and my analysis is a piss in the wind.
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Forex Monthly Trading Thread and setup ideas, page-156
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