There is a double top
formation with a high probability of a downside move. We can also add that there exists a bearish
divergence on the RSI
and if we see closer, there is a well established resistance on the left side of the double top
. For me it is great chance to short. I put the stops 10pips above the wick of the candlestick
and my target is just on the close of the previous lower low support.