AUDUSD is pulling back to a potential reversal down + role reversal . Bear is waiting to sell in this area.
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
Entry time frame
Bear waiting for reversal in this area to sell 0.7350 SL 0.74 TP 0.725
Daniel is full time technical analyst for forex.today base in Singapore. He is specialize in Asian Mayor currency JPY , Aud and NZD.
Nice one Daniel
Nice work Dan
Thanks Damith 🙂
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 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.
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!
🙂 Thanks for keeping me sharp
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