Looking for double top on structure or 2.618 to enter. For me i will like to see spiking to the 0.382 of bigger retracement and close above previous highs.
Got 2 short setups in here. 1st is at the bearish candle at the double tops Requirements are that the left shoulder must be in overbought RSI followed by a weaker test of that structure resistance level. Note the 3 point bearish on the RSI. 2nd is the 2.618 trade. Target 1 has been hit at the 1.272 extension and hoping to see target 2 at the 1.886 extension...
A nice ideal 2.618 setup... we got 61.8 against structure and looking at T2 for profit at the 127 extension and for extended profit at target 3. wish me luck
Made an aggressive entry this morning @0.8625 hoping this Cypher pattern to unfold... The double tops also suggest a possible 2.618 setup for further proof downside. For now I need to see break and close below 0.8607