Exness - NZDUSD at major resistance, sell now

Sell below 0.7325. Stop loss at 0.7400. Take profit at 0.7185.

Reason for the trading strategy (technically) :

We look to sell again at a major fractal resistance level of 0.7325 (Fibonacci projection + horizontal resistance + bearish candlestick formation) for a new drop to 0.7185.

RSI (21) is at major resistance at 72% and has started to turn down signaling a bearish move is in progress.

Exness - NZDUSD at major resistance, sell now

Exness - EURAUD remains at strong resistance, sell now

Sell below 1.4515. Stop loss at 1.4555. 1st take profit at 1.4445. 2nd take profit at 1.4380.

Reason for the trading strategy (technically) :

1.4515 is a major resistance level (Fibonacci retracement + Exponential Moving Average (55) resistance + last swing high + Bearish candlestick pattern). We sell from here for a drop to 1.4445 before 1.4380.

RSI (21) is reacting off 52% resistance.

Exness - EURAUD remains at strong resistance, sell now

Exness - NZDUSD right at channel resistance, sell now

Sell below 0.7190. Stop loss at 0.7225. Take profit at 0.7110.

Reason for the trading strategy (technically) :

We raise our selling area to 0.7190 to add more short positions. This is a strong resistance level (Fibonacci retracement + channel resistance). We look to play the drop to at least 0.7110.

RSI (34) is right on resistance at 58% signaling a reversal from here together with price.

Exness - NZDUSD right at channel resistance, sell now

Exness - EURAUD at strong resistance, sell now

Sell below 1.4515. Stop loss at 1.4555. 1st take profit at 1.4445. 2nd take profit at 1.4380.

Reason for the trading strategy (technically) :

1.4515 is a major resistance level (Fibonacci retracement + Exponential Moving Average (55) resistance + last swing high). We sell from here for a drop to 1.4445 (last swing low) before 1.4380.

RSI (21) is reacting off 52% resistance.

Exness - EURAUD at strong resistance, sell now