This is a careful short here - we have a beautiful risk reward so position size accordingly we have not had a signifcant pullback in the Aussie since it started that rapid ascent which I and many others had called back in late December early January.
Reasons for small short:
Overbought stochastics (take that with a grain of salt)
Momentum is slowing (no divergence yet)
Powerful resistance @ .7696
Reasons for small short:
Overbought stochastics (take that with a grain of salt)
Momentum is slowing (no divergence yet)
Powerful resistance @ .7696
Commento:
Patience will be key to maximizing profit with this one.