Hi guys,
i've been looking at this pair since the start of this week, and it all played out nicely and therefore i'm taking this opportunity to short the market and try to get some profit out of this pair. The blue box represents a structure zone where i'm expecting price to change in its direction. It also coincides with a deep Gartley formation, and the price has created a nice double top at that level (on the hourly timeframe) with a nice RSI divergence. With all these clues together i'm pretty confident in this trade.
Make sure you use your own head to take trades, you shouldn't take my analysis as advice.
If u have questions/ideas, please share below.
Otherwise, see you in the next chart!
i've been looking at this pair since the start of this week, and it all played out nicely and therefore i'm taking this opportunity to short the market and try to get some profit out of this pair. The blue box represents a structure zone where i'm expecting price to change in its direction. It also coincides with a deep Gartley formation, and the price has created a nice double top at that level (on the hourly timeframe) with a nice RSI divergence. With all these clues together i'm pretty confident in this trade.
Make sure you use your own head to take trades, you shouldn't take my analysis as advice.
If u have questions/ideas, please share below.
Otherwise, see you in the next chart!
Trade closed: target reached:
First target hit! Stops to breakeven