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masterkeytrading

Live AUDUSD 5/31/19 12:00 am

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
masterkeytrading Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Support and Resistance Fibonacci Trend Lines
1
1
supportandresistance fibonacci trendline
  • 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
Comment:
Exit US Open
Comment:
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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