CHFJPY: The Market Looks Overbought. How to Trade?

The market made a good upward movement, and it can give us a good sell opportunity. The price reached 114.00 resistance. RSI tells us about the overbought market conditions. The price is far from trend lines and the uptrend. The market has room for the downward movement, and the sell trade can be profitable.

We have to wait for a bearish candle, which will confirm the price reversal. It will be possible to search for exact entry levels using the hourly timeframes. The market should be added to a watchlist!



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.