AUDUSD idea update
See chart notes for why we're still in a Bearish shape and why I'm not looking for an entry anymore.
Yes, retests are nice areas to get in. No, I don't care for wide stops nor do I have the patience to sit through vague ideas finding clarity. We could easily come back down to the pink zone and then bounce back up.
D1 is hugely important for healthy analysis. And if you've gotten into a strong move, managing the trade for a longer term move on the D1 is a great strategy to minimize your trigger happiness.
I need one more step of analysis THEN look for trades on my timeframe. So please don't take blind entries -- bias does not equal "get into a position".
Yes, retests are nice areas to get in. No, I don't care for wide stops nor do I have the patience to sit through vague ideas finding clarity. We could easily come back down to the pink zone and then bounce back up.
D1 is hugely important for healthy analysis. And if you've gotten into a strong move, managing the trade for a longer term move on the D1 is a great strategy to minimize your trigger happiness.
I need one more step of analysis THEN look for trades on my timeframe. So please don't take blind entries -- bias does not equal "get into a position".
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