Hi Traders!
The market was moving in a good uptrend.
Now it is getting weak because of the trendlines you can see and the volatility decreases.
It is now possible to slowly start a new downtrend.
Furthermore, the RSI is firstly overbought and secoundly it shows a divergence.
We recommend to sell the brakout with two 2TP-Targets with a risk-to-reward of 1 to 2/6.
Thanks and good luck :)!
The market was moving in a good uptrend.
Now it is getting weak because of the trendlines you can see and the volatility decreases.
It is now possible to slowly start a new downtrend.
Furthermore, the RSI is firstly overbought and secoundly it shows a divergence.
We recommend to sell the brakout with two 2TP-Targets with a risk-to-reward of 1 to 2/6.
Thanks and good luck :)!