Short Aussie?
Updated
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
Note
Patience will be key to maximizing profit with this one.
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