NZDUSD builds a Doubletop at a D1 resistance with an overbought RSI on the left high. For further confirmations I'll wait for a close/break of the Doubletop's neckline. Furthermore the price (M240) rised within a channel. The break of the neckline correlates with a breakout of this channel. I think this could be a good short opportunity on this pair =)
Price breaks and closes below the doubletop neckline. Price retestet the neckline. Three possible targets for me
RSI in the D1 is overbought. The H4 timeframe shows a possible Doubletop in the keyzone. Also RSI is overbought on the left high and shows a bearish RSI divergence. Nice short possiblity if price breaks and closes below the neckline.
This could be another scenario on the EURUSD. Weekly chart shows downside potential. Furthermore the price build a rising wedge and reaches a resistance zone on the D1 timeframe. Could be a good short opportunity, if price breaks out of the rising wedge.
Looking for long setups at this 3 support zones. If Price closes below the D1 keyzone I'll watch out for short opportunities.
Looking for a long opportunity, if price closes above the keyzone. Possible Doubletop, if price fails to close above the keyzone.
EURUSD formed an ascending Wedge on the M240 timeframe. Wait for the breakout for a possible downmove.
After the last Doubletop got invalid, a higher Doubletop appaered. Possible short Setup if price closes below neckline. RSI Divergence still given.
Doubletop in the M240 Timeframe. Shows bearish RSI Divergence.