EURAUD: The Perfect Sell Opportunity

The market will be able to give us the perfect sell opportunity.

The price made a huge upward movement without pullbacks. The market is overbought. The price reached a resistance zone formed by 1.70000 resistance level and the upper line of the price channel. RSI reached the overbought zone.

Reversal signals from the daily and hourly timeframes can be used for selling with stop orders above the resistance zone and local swing high. The market has good room for the downward movement.



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.