AUDUSD -1%
Reason for placing the trade: price was respecting a sideways moving wedge, had a strong wick rejection on the 4H time frame suggesting a movement to the downside, entered a sell stop but got triggered in and hit SL unfortunately
Why I think the trade failed: price was above the 200 EMA on D,4H,1H suggesting a bullish bias, the stochastic also indicated bullish bias
Why I think the trade failed: price was above the 200 EMA on D,4H,1H suggesting a bullish bias, the stochastic also indicated bullish bias
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.