(1) The chart is obvious: TWEEZER TOPS!
What else do we have?
(2) Fib resistance
(3) Horizontal resistance from the daily chart
(4) Stochastics turning around in sell zone
(5) Australian fundamental news is to be BULLISH based on my predictive analysis, and other economists agree. I expect a surprise attack right here.
My stop is suppose to be above the high, and that is where I will put it. I will put on the chart a stop above the candles, but that is not what I am doing, because the news is coming out. After the smoke clears, then I will decide whether to stay in or bail out.