Nov.27th-Dec.3rd Bearish AUDUSD
Updated
Here on AU we are at major downtrend resistance from the weekly. We have yet broken minor structure to give me another confirmation to short AU. I do see AU closing lower for the week.
Note
the light entry was a SL, however the full size entry was a TP.
what i learned from this was:
when there is a strong bearish candle like in this example we are likey to close out more than 1/2 even 2/3 of the candle to clear any imbalance before the continuation.
the light entry was well less than half of the candle.
Great Trade on my behalf and learning moment. Good Job
Note
Take profit from the idea was triggered,however the asset did not close lower for the week,
it closed higher
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