QuanYi
Short

Sell Opportunity on the Aussie $

FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
Hi guys, we are looking at an Outside Bar Pattern on the daily chart whereby the daily closes of the previous candle is smaller than the current candle which is bigger in volume and is going in the opposite direction. Moreover, it aligns in the current down trend, bouncing off the channel trend line . This suggests a downward movement to the the first target at 0.72 and the second target at 0.70. I would short the Aussie now in accordance to a candle stick pattern. Would place stops above today's close.

Comments and advice are greatly appreciated. This is purely my opinion on AUDUSD            
will reentry at 0.65802 and you know where is the SL
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I like how the trade setup looks, but I'm not clear on how you would place the stop before today's close.
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QuanYi timwest
Oh I see...I actually mean placing my stop loss above today's close as a countermeasure if it does not play out.
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