AUDUSD with bullish momentum that is lossing its MOJO

Yeah thats right MOJO. lol
Weekly chart shows a nice bullish move right up to trend line and major weekly support

as much as daily is showing some potential to higher high
i am going to put my money on shorting AUDUSD
better risk reward anyway.
stop loss 7900
TP 0.6800+/-
that give me 250 pips risk while my gain would be about 850 pips
thats 2.5 : 1 risk reward.
I will be trading this pair in lower time frame as well if I see good opportunities.
Good luck

Commentaire:

AUDUSD Weekly