Danske Trader

Trade idea from Danske Bank on AUD/USD. Why would they set their stop loss there?

I'm new to Forex, but I don't understand why Danske Bank would put their stop loss right above what I would call strong resistance. Can someone else weigh in here? Their stop is at .9004, and the stop loss I would have chosen is right around the horizontal line at .8985
http://i.imgur.com/8Hrd5ih.png
Their trade idea in text: LONG AT .9035 FOR .9204; STOP AT .9004
submitted by SavvyGent to Forex [link] [comments]

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Saxo Bank Global Seizing an Opportunity

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