Hi guys,
very simple setup. On EURUSD we've recently created a double top on the daily chart and price has broken to the downside, giving us reason to believe it's headed lower (RSI divergence is also supporting that). Although the price has increased very rapidly over the last hours, i'm still incline to sell this market and i've also found a valid entry point, that is the D point of the Bat pattern that's on the lower timeframe (4H and 1H). Sold at the D point, with stops above X and targets as shown on the chart.
If you have any idea/question, feel free to comment below.
Otherwise, see you in the next chart!
very simple setup. On EURUSD we've recently created a double top on the daily chart and price has broken to the downside, giving us reason to believe it's headed lower (RSI divergence is also supporting that). Although the price has increased very rapidly over the last hours, i'm still incline to sell this market and i've also found a valid entry point, that is the D point of the Bat pattern that's on the lower timeframe (4H and 1H). Sold at the D point, with stops above X and targets as shown on the chart.
If you have any idea/question, feel free to comment below.
Otherwise, see you in the next chart!
Note
Targets moved with Fibonacci. New targets:Trade closed: target reached
First target hit!Trade closed: target reached
Second target hit!
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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.