Hey guys,
on EURGBP we are testing a daily structure level that could turn out to be the right shoulder of a bigger head&shoulder (on the daily). So we know we want to look for shorting opportunities. In the 4HR chart we can see price's created a double top with a nice RSI divergence.
The confirmation sell signal comes from the engulfing candle just formed.
In order to have a 1:1 RR at the retest of the lows i'm waiting for a small pullback into 0,8730 level.
Let's see if price triggers it.
If you have any question or remark, please comment below.
Otherwise, see you in the next chart!
on EURGBP we are testing a daily structure level that could turn out to be the right shoulder of a bigger head&shoulder (on the daily). So we know we want to look for shorting opportunities. In the 4HR chart we can see price's created a double top with a nice RSI divergence.
The confirmation sell signal comes from the engulfing candle just formed.
In order to have a 1:1 RR at the retest of the lows i'm waiting for a small pullback into 0,8730 level.
Let's see if price triggers it.
If you have any question or remark, please comment below.
Otherwise, see you in the next chart!
Trade attivo
Trade chiuso: stop raggiunto
Price gapped against our position.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.