Roker1

Double Top at Structure Point

Short
FX:EURJPY   Euro / 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
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw

Comments

What to do as today short ?
+1 Reply
Roker1 PRASAANTHPALLISSERY
@PRASAANTHPALLISSERY, sorry can you repeat the question? i didn't understand its meaning
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out