4 hr candle price resistance rejection

as of writing, 4hr price action show price rejection at 0.74800 resistance zone. There is a chance AUDUSD may resume its downtrend. I queued a sell stop at 0.74700. My target is 0.74500. My risk management will be 0.74800 because if prices breaks above this zone, it will invalidate my downtrend.

Take note: Im not a good fundamental trader, hence i ignore all fundamental news when it comes to trading.

Kommentera:

Overnight market hit my target 0.74500. Trade closed.

Trade stängt: målet nått:

target reached. trade closed on apr 28.