Hey guys,
on EURGBP we are testing a daily structure level that could turn out to be the right shoulder of a bigger head&shoulder (on the daily). So we know we want to look for shorting opportunities. In the 4HR chart we can see price's created a double top with a nice RSI divergence.
The confirmation sell signal comes from the engulfing candle just formed.
In order to have a 1:1 RR at the retest of the lows i'm waiting for a small pullback into 0,8730 level.
Let's see if price triggers it.
If you have any question or remark, please comment below.
Otherwise, see you in the next chart!
on EURGBP we are testing a daily structure level that could turn out to be the right shoulder of a bigger head&shoulder (on the daily). So we know we want to look for shorting opportunities. In the 4HR chart we can see price's created a double top with a nice RSI divergence.
The confirmation sell signal comes from the engulfing candle just formed.
In order to have a 1:1 RR at the retest of the lows i'm waiting for a small pullback into 0,8730 level.
Let's see if price triggers it.
If you have any question or remark, please comment below.
Otherwise, see you in the next chart!
Trade active
Trade closed: stop reached:
Price gapped against our position.