Sell stocks on cyclical bearish trend line

The Dax closed at 4675 on Friday 24 of April reaching the high of the 17 of April at 4680.
This is a very important level. Clear overbought indicators are warning that this rally might be overdone. Some front running trend indictors are showing the first signals of a trend reversal.
In addition the cyclical bearish trend line is passing here, suggesting that the next 2/3 week will be characterized by a sell off in stocks.

Trading sell this level at 4675
Stop 4850
Targets 4400 & 4250

Playing The Resistance

AUDUSD seems a bit overdone at these levels. The huge stock market rally pushed the Aussie above initial resistance at 6800 & 7000. Some overbought signals and an upcoming divergence can been taken to open short positions. Under the circumstance that stocks & commodities will trade lower this weak, the pair has potential to trade again below sub 6800 & 6500.

Trading: Sell 7200/ Stop 7500/ Target 6600