Hi Coke, Like the example of EUR USD , I was looking at almost exactly the same setup with same confluence but it failed . Below is the chart . Can you give your point of view ?Ignored
Your AUD/CHF entry criteria was aceptable but your SL manangement wasn't (that's why I said, it didn't failed). The 23% fib test was perfect (entry) then it was rejected (poor rejection) with a LL, here was your first warning that level could be broken, your setup got triggered then rejected and then a new LL.
On top of that, it was rejected again and reaching a significant bottom, at this moment with the first warning and having tested a bottom, the trade was ready for BE.
See, it gave you all sings and time to get out, good thing about it, it will be an easy read next time