naynay97
Short

EUR/AUD hitting daily resistance.

OANDA:EURAUD   Euro / Australian Dollar
On the daily chart , it is showing that the market is hitting the daily resistance and the RSI is showing that the market is close to being overbought.

On the 4 hr             chart, it shows RSI being overbought and the 1 hr             shows it being overbought again so that is confirmation that we will go short on this trade once an entry has been found.

Currently I placed a mini black resistance line below the daily resistance so when price breaks this, you can simply execute a sell stop order and ride out the market to your preference.

There are three profit targets which I have placed. Once it hits profit target 1, I am confident that it will hit the other 2. First profit target is a 4 R/R


Thank you guys and have a great weekend.
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