DislikedNext AU After the failure of the trade on Friday, it looks bearish short term. That triangle zone that is drawn from a H4 Fractal Line and M30 Fractal Line and seems to be holding price. Confirm is H1 engulf and I need a retrace for entry. {image}Ignored
The entry was on point & price completed the H&S pattern and made a LL so I didn't see the need for price to come back up. Later today we have AUD news and HTF we are still bullish so was a risky trade. I was looking for a clean move here and initially it looked good. Lastly I didn't want to be stuck in the trade coming into NY changeover and risk slippage with news so decided to take the risk off after the LL.