On the 4hr AUS/USD chart today we've got a nice outside bearish candle set-up. This price-action has come in around previous support and gives us an opportunity to get short with the bearish momentum that we have seen since this pair topped-out last week. Placing a stop above the high of the candle we can manage a tight risk with potential for new lows and decent reward if the short-term bearish trend can continue.
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