It's a valid idea for a symmetrical double top
However, and there always seems to be a however,
I'd be more comfortable it it was closer to the resistance
on the 4 hr chart which is about 50 pips higher.
As you can see there is good divergence on the RSI
However, and there always seems to be a however,
I'd be more comfortable it it was closer to the resistance
on the 4 hr chart which is about 50 pips higher.
As you can see there is good divergence on the RSI