AUDUSD has broken what is for me a trailing stop and I have to close it here for a loss of -51 pips.
Closed AUDUSD long @ 1.0426, -51 pips.
This trade entry was poor – I had been eyeing it for a long time, since it was below 1.04 but did not take the trade, and when I finally took the trade it was too close to the 1.05 resistance level. I am pretty certain AUDUSD will find a bottom near here and will go up soon. I will re-enter the long once a bottom has been formed.
A bad loss plays havoc with a trader’s decision-making and this is one example. I expect I should be in a better frame of mind next week, after the Easter week-end, and hope to start trading better again. I need to re-discover my trading mojo.