EURUSD Short Trade Idea- H1 RSI overextended

If this price action moves to the downside inside this channel and breaks this area of support then you should sell the EURUSD.

Pending sell order placed @ 1.10301

The RSI is overextended and we saw divergence occur with the Price Action and the RSI indicator. If this level we identified is broken this upward bullish move may lose its steam and we could see a strong bearish trend take over.

Any questions, feel free to ask!

Kommentera:

Price action continues to the upside.

New Pending Order Placed