Hey guys,
very simple: we had a very long rally on AUDUSD, RSI is deeply overbought. Price is testing previous daily structure that seems to hold. If the current candle will close below the previous opening, this is a sell.
Unfortunately i'm already involved in two AUD trades, so i can't take this one.
Hope someone can exploit this situation. No brainer trade, mostly for the possible huge risk to reward ratio (if you split your position).
Make your choice!
If you have any doubt, please comment below.
Otherwise, see you in the next chart!
very simple: we had a very long rally on AUDUSD, RSI is deeply overbought. Price is testing previous daily structure that seems to hold. If the current candle will close below the previous opening, this is a sell.
Unfortunately i'm already involved in two AUD trades, so i can't take this one.
Hope someone can exploit this situation. No brainer trade, mostly for the possible huge risk to reward ratio (if you split your position).
Make your choice!
If you have any doubt, please comment below.
Otherwise, see you in the next chart!