Live AUDUSD 5/31/19 12:00 am
Updated
- Daily candles showing bearish engulfing
- H4 structure downtrending with valid break of support
- H1 structure downtrending with valid break to downside, forming a LH
- valid m15 BOS to downside
Confluence Daily MA, H4 MA, random line resistance, 3 strike resistance
Risk: Lower because H4 is trending down
Trade closed manually
Closed after price broke 38.2 level after breaking to downside on m15, -10 pips. Valid and Good exit
Note
Exit US OpenNote
If I look closely on H1, it can be perceived as a valid break to upside. This would have affected my decision to take this short and not take the loss to find out.
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