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EURAUD 27 April 2023 on the H4 timeframe. It can be seen that the pair has been rising since last week which is seen to be well above the kumo on the ichimoku indicator. Referring to the RSI and Stochastic indicators after a long bullish trend, which also looks overbought, a trend reversal is possible. Therefore a go-short position could be an option for scalpers. stay alert to market volatility, wait for further indications or trade with your own risk.
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