After breaking the weekly structure downward, AUD 200 has been in upward correction phase for a couple days while forming bearish Flag on 4hr TF. We can see downtrend continuation once it has retested the previous demand zone now turned supply zone as well as completing its 50% correction which also lies in that area. I will be looking for a Short Entry near the 0.5 Fib level.
Trade fechado: stop atingido