nick203

Double Top USDCNH - With Hidden Bearish Divergence

Short
nick203 Updated   
FX:USDCNH   U.S. Dollar/Chinese Yuan
Hello everyone :D We have a double top with a hidden bearish divergence on the RSI. What that means is we have a higher high on RSI with a lower high in price. If you are looking for a short try and find a confirming pattern on a lower time frame!
Much love!!
Trade active:
There is a Head and Shoulders pattern that just broke down on the 4hr. That gives us the pattern to confirm our short bias!
Comment:
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.