FXBeast333
Short

FRA40 SHORT

FX:FRA40   CAC 40 Index
A short position is being considered on this pair based on 4 criteria.The RSI is above 70 indicating overbought conditions.Secondly,the price is at a resistance zone .Thirdly, the price is showing weakness at the upper bollinger band .Lastly we are waiting for an inverted hammer before executing the trade.

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