davidleekuanyong

4 hr candle price resistance rejection

Short
FX:AUDUSD   Australian Dollar / U.S. Dollar
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1
as of writing, 4hr price action show price rejection at 0.74800 resistance zone . There is a chance AUDUSD may resume its downtrend. I queued a sell stop at 0.74700. My target is 0.74500. My risk management will be 0.74800 because if prices breaks above this zone, it will invalidate my downtrend.

Take note: Im not a good fundamental trader, hence i ignore all fundamental news when it comes to trading.

Comment: Overnight market hit my target 0.74500. Trade closed.
Trade closed: target reached: target reached. trade closed on apr 28.

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