AUDCHF Low Risk Sell on Price Squeeze

Prize have been squeezed on this correction trend line and has met the longer term resistance trend line
Somethings got to give
I am short at .7350
Stops above previous structure
Aggressive entry, but low risk entry

Kommentera:

stopped out.
the breaking of the downtrend line took more significance , especially as price retested it as support
this, and the correction I traded went on for too long, hence it was an impulse move and not a correction.
i thought about taking profits and going long because of the longer downtrend line holding as support. next time i will listen to my gut, read the price action and not hesistate

#tradeandlearn