Roker1
Short

Double Top at Structure Point

FX:EURJPY   Euro Fx/Japanese Yen
Hey guys, this is the 1hr chart on EURJPY             . As usual my analysis starts from higher timeframe, where you may see RSI is in overbought condition, and price action             is now testing a key level of structure looking left. With that being the case, i want to seek for short opportunities on lower timeframes such as 4hr and 1hr.
On the hourly you can see a nice double top with RSI divergence.
Short with stops above highs, target1 at the retest of the lows, target2 to be determined (huge downside potential).

If you want to ask questions or share your view, feel free to comment below.
Otherwise, see you in the next chart!
Trade closed: stop reached
If you like my trading style and you want to support me, hit that thumbs up. I'd really appreciate that!
Se ti piace il mio stile e vuoi supportarmi, clicca il pollice in sù. Grazie!
My last videoanalysis here: https://youtu.be/86S8KH3EXP0
What to do as today short ?
+1 Reply
Roker1 PRO pallisseryprasanth
@pallisseryprasanth, sorry can you repeat the question? i didn't understand its meaning
Reply
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