Hi again traders

here is another potential trade I've been watching for a few weeks now. As you can see, price has hit previous structure/resistance which is a key indicator for a reversal.
My RSI set up has shown that price has reached the overbought area and has already started its reversal which you can see on the chart as well with a strong bearish candle on the daily time frame.

My shorter moving average signal is very close to crossing over to the downside showing a strong signal of a change in trend.
Price has gone into the 61.8% retracement zone and turned around giving us another signal for a change to the downside.

I would look to enter this trade around the 7.200 level with your first TP: 7.000 and TP:6.900 - 6.800
I would consider a safe place for your stop loss to be around the 7.350 price level.

Good luck traders.

Plan your trade, trade your plan.
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