Short AUD/USD based off my Price Action Study

6. Jan. 2017

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

9. Jan. 2017

Trade geschlossen: Stop wurde erreicht

price moved up against my s/l.