S3S on AUDCHF (Trade #291) 6th March



I waited patiently for this setup.  Well, I have been checking for S3 setups across all 28 pairs at 4-hour intervals, until I got one to set up. To be honest, the chart formation was acceptable, however RBA Governor Stevens is speaking tonight, and there’s NFP tomorrow.  So arguably these are reasons to stay out of the trade.  So why did I go in?  Is it an eagerness to trade?

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