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parthpatel711
Feb 2, 2022 5:55 AM

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

FX:AUDUSD1D
Australian Dollar/U.S. DollarFXCM

Description

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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





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