head and shouldes + overbought rsi and structure
Updated
hey guys,
this evening on pound dollar I have a nice reversal pattern for you.
on a daily t/f you can notice that the market has recently met a decent level of structure after a nice bullish impulse.
on an hourly timeframe we see a nice confirmation pattern.
+ take into account very overbought rsi with clear divergence
what we are looking for is the bearish violation of a neckline.
targets will be based on structure
your stop will be above head
good luck!
Comment
still in a consolidationTrade active
Comment
retest of a necklineTrade closed: stop reached
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