EURNZD: Overbought Market with New Sell Opportunities
I wrote about the exact sell opportunity based on a trend reversal signal. This trade was closed by stop orders, and you can read details in the post from related ideas.
In spite of the failed short trade, the market stays overbought. RSI line is in the overbought zone. The price stays below the resistance zone.
This market stays interesting for selling. We can search for exact sell signals using the daily and hourly charts. This market should be added to the watchlist. It will be able to provide us interesting trades.
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.
In spite of the failed short trade, the market stays overbought. RSI line is in the overbought zone. The price stays below the resistance zone.
This market stays interesting for selling. We can search for exact sell signals using the daily and hourly charts. This market should be added to the watchlist. It will be able to provide us interesting trades.
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.
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