AUDUSD is pulling back to a potential reversal down + role reversal . Bear is waiting to sell in this area.

AUDUSD H4 ( 10 May , 2017 )

Plan A Bear waiting for reversal in this area about 0.735 to Sell If this is fail the next level Plan B Bear waiting for reversal in this area to Sell about 0.745

AUDUSD 15 M ( 10 May , 2017 )

Entry time frame Bear waiting for reversal in this area to sell 0.7350 SL 0.74 TP 0.725

8 thoughts on “AUDUSD Trade Plan ( 10 May , 2017 )”

  1. Teboho Faro says:

    Nice one Daniel

    1. Daniel Chan - Forex.Today says:

      Thanks 🙂

  2. Damith says:

    Nice work Dan

    1. Daniel Chan - Forex.Today says:

      Thanks Damith 🙂

  3. Maryna says:

    Hey Daniel, just a question on the SL of your trade plans please. Looking at your last 3 posts I’ve noticed that your Stop Losses are 100p. Is this sufficient for swing trades in general? I’m not a swing trader, but with all the swing trades that are posted and only a few giving full trade plan details as you do, I hope you can respond.

    Any swing trader can respond to this comment of mine as well.
    Thanks!!!

  4. Daniel Chan - Forex.Today says:

    Thanks for your good question . normally I keep the SL about 100 pips because my target normally about 200 – 300 pips . If I got stop out at 100 pips I will check whether the market has changed . After decided from Daily or H4 chart , I use 15M chart for entry ,For 100 pips stops is big enough for the noise swing.

    1. Maryna says:

      Much appreciated Daniel and I always thought traders huge much bigger SL for swing trades, so it’s more about having a good entry to avoid having a big SL as well. Thanks for sharing your knowledge as I know you are a very good swing trader!

      1. Daniel Chan - Forex.Today says:

        🙂 Thanks for keeping me sharp

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