I've been looking for a short opportunity on the 12hr and 8hr charts since price action has been so bearish on aud/usd and there were a couple of triggers lining up that motivated me to enter a position. Main one being the daily chart above
bearish trend
price has pushed back up to support/resistance area
12hr chart showing indecision candle
Entered a little later than I would have liked, however I think I have pretty tight S/L and the postion has a 1:2 risk/reward ratio
Was this a bad trade? I do not think so but I wonder if any of my analysis was missing something.