Hi guys,
if you take a look at the daily chart of this pair you'll notice right now we're testing a previous structure level that acted as resistance in the past. Being the case, i want to look for reversal setup down on lower timeframes, such as 1hr and 4hr. As you go down on the 4hr chart, it's apparent price is having some troubles breaking through 1,5050 level and it's forming a nice double top with RSI divergence.
I would reconsider this setup when the current candle will close, then i'll decide whether to enter or not.
If you want to be updated, follow me!
If you have any questions, or if you want to share your view, feel free to comment below.
Otherwise, see you in the next chart!
if you take a look at the daily chart of this pair you'll notice right now we're testing a previous structure level that acted as resistance in the past. Being the case, i want to look for reversal setup down on lower timeframes, such as 1hr and 4hr. As you go down on the 4hr chart, it's apparent price is having some troubles breaking through 1,5050 level and it's forming a nice double top with RSI divergence.
I would reconsider this setup when the current candle will close, then i'll decide whether to enter or not.
If you want to be updated, follow me!
If you have any questions, or if you want to share your view, feel free to comment below.
Otherwise, see you in the next chart!
Comment:
Currently i'm waiting to see a lower low lower close candle on the hourly in order to enter
Trade active:
Comment:
Stops moved to breakeven since we've reached something like 90% of our target1. If you want you can exit half position and let the other half run.
Comment:
Out at breakeven