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KathysTheStockGal
Oct 2, 2016 1:00 AM

AUDUSD with bullish momentum that is lossing its MOJO Short

Australian Dollar/U.S. DollarFXCM

Description

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

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AUDUSD Weekly
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