EURUSD made another retest since price failed to close higher above current NSH, but this gave is a potential counter trading opportunity.
Price was stop by the current structure level and RSI is in OB condition.
My entry reason will be a Double Top - since we have the left already. RSI is in OB, it's almost certain that market will put a bearish RSI Divergence :)
Stops above the Double Top setup, targets can be either fibs, 0.382 from the current swing move, or previous structure to the left, which aligns perfectly with 0.618 level.
Good Luck!
Price was stop by the current structure level and RSI is in OB condition.
My entry reason will be a Double Top - since we have the left already. RSI is in OB, it's almost certain that market will put a bearish RSI Divergence :)
Stops above the Double Top setup, targets can be either fibs, 0.382 from the current swing move, or previous structure to the left, which aligns perfectly with 0.618 level.
Good Luck!
Order cancelled:
Price made a valid break and NSH - the counter trade is off the table.