AUD/USD - DAILY TIME FRAME - SWING TRADE - SELL SET UP

2 feb 2022

Points to consider for Sell Set up:

• Price has broken downwards from the DAILY BEARISH FLAG PATTERN.
  
  Price is currently retesting the break of the flag pattern and also the daily Break of Structure (BOS) price region/zone, which is also Golden zone of Daily Fib Retracement (61.8% to 78.6%)
  
  Price Rejection is observed on the Higher Time Frame (HTF)
  
  Inverted hammer candle/Pin bar seen on the 4Hour Time frame.
  
  BOS and retest observed on the 1H Time Frame.
  

Note: Plan Your Trade and Trade as per Your Plan