Hi traders,
Here we have a nice and very simple setup on EURGBP pair. This pair has recently created an excellent double top formation while RSI being overbought position and we have a nice bearish engulfing candle straight after the double top which suggests a reversal.
I have gone short on this one and I've marked the tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
Here we have a nice and very simple setup on EURGBP pair. This pair has recently created an excellent double top formation while RSI being overbought position and we have a nice bearish engulfing candle straight after the double top which suggests a reversal.
I have gone short on this one and I've marked the tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
Trade closed: target reached