An inside candle has formed on the AUDUSD . Trend is down and price has been consolidating recently at an area of support and resistance . Inside candle could indicate buyers and sellers are undecided on price and could be a setup for a break of current consolidation and a continuation of the down trend. Stop entry placed below tail of mother candle. Risk reward 2.
Trade closed: stop reached:
price hit stop, trade closed, sellers were not committed to pushing price action lower