Hi Traders! We have AUDUSD Swing Point Trader based sell idea. A detailed analysis of this potential bearish setup is as follows:
Important Note – The SPT strategy is available totally free for Traders Academy Club members.
If you still aren’t, I invite you to join our family – Traders Academy Club and get your SPT strategy copy, totally free.
AUDUSD SPT Scanner:
On the SPT Scanner we can see that W1, D1 and H4 timeframes are bearish, this means basically the indicator spotted that the most recent swing point on these time frames was a swing high, and since then the momentum is bearish. As all these three timeframes are bearish we may look for possible sell setups with bearish evidences while these conditions holds.
AUDUSD H1 Chart:
On the H1 chart we have a bearish cloud and the trend scan is red as well. In addition to this the price has created a good ABCD pattern and while the cloud remains bearish, we remain bearish in our view. We may now look for possible sell setups with bearish evidences while these conditions holds.
Feel free to join our amazing community and get access to the SPT software here.
You can also join me in my live trading rooms, on daily basis, and improve your trading with us.
Yours to your success