AUDUSD Double tops/2.618 combo
Got 2 short setups in here.
1st is at the bearish candle at the double tops
Requirements are that the left shoulder must be in overbought RSI followed by a weaker test of that structure resistance level. Note the 3 point bearish on the RSI.
2nd is the 2.618 trade. Target 1 has been hit at the 1.272 extension and hoping to see target 2 at the 1.886 extension before a continuation. Either way not an exiting trade setup to brag about there
is max ±20 pips to gain from this trade but I'm happy to start the day with that. Took some beatings yesterday.
Took this trade with 10 pips risk tight as we trade in no mans land
1st is at the bearish candle at the double tops
Requirements are that the left shoulder must be in overbought RSI followed by a weaker test of that structure resistance level. Note the 3 point bearish on the RSI.
2nd is the 2.618 trade. Target 1 has been hit at the 1.272 extension and hoping to see target 2 at the 1.886 extension before a continuation. Either way not an exiting trade setup to brag about there
is max ±20 pips to gain from this trade but I'm happy to start the day with that. Took some beatings yesterday.
Took this trade with 10 pips risk tight as we trade in no mans land