Short AUD/USD based off my Price Action Study
Updated
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
Trade closed: stop reached
price moved up against my s/l.
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