While waiting for the potential pink Cypher, this pair is putting a nice double top opportunity :
- equal high retest
- RSI overbought on first test
- RSI divergence on restest
- Structure looking left
- "Bottom/middle" of the double top did not hit the 382 retracement from last move up
Will be waiting for a nice looking bearish candle or a lower low lower close to enter at market and ride this down with 2 targets. Nice risk to reward ratio on both targets.
If target 2 hits, will be reloading to take the Cypher
- equal high retest
- RSI overbought on first test
- RSI divergence on restest
- Structure looking left
- "Bottom/middle" of the double top did not hit the 382 retracement from last move up
Will be waiting for a nice looking bearish candle or a lower low lower close to enter at market and ride this down with 2 targets. Nice risk to reward ratio on both targets.
If target 2 hits, will be reloading to take the Cypher
Trade active
Trade closed: target reached
Target 1 reached, stop moved to BE
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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.
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.