asferruzzi
Short

Inside candle downward continuation trade

FX:AUDUSD   Australian Dollar / U.S. Dollar
26 0 3
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
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