the market has been trending down for a while on 4 hr time frame....recently has been in a nice descending channel on 1 hr....previous double top (yellow bubble) (notice rsi downward divergence and upward movement on chart inside of yellow bubble) looking for shorting opportunity around 1.514142 (61.8) looking for possible evening star pattern or engulfing pattern or lower low lower close in red box... it may hit the top of the channel (which is in line with the 61.8) and have a nice rejection (most aggressive entry would be right at the 61.8)...... (more confluence if we are oversold around those levels). My Stops will go above 1.54800 tp at 1.53309
Order cancelled:
trade never hit 61.8 so scratch it