Market about to change trend and start selling.
RSI signalling overbought at 74 reading.
Get on sell and ride it out.
Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes.
two very strong resistance zones on the daily chart, as you can see the market has been rejected over 10 times at these levels since 2013. This is a very high probability trade, with an amazing Reward/Risk of 4:1
i'll briefly explain why i'm shorting this pair. The black line that you see represents a 4hr structure level; the yellow box represents the reversal zone based off of the daily chart. As the price reached this two level it started to slowing down. In addition, it gave us some signals that maybe wants to go lower: the first indecision sign is provided by...