InsiderB
Short

Short EURUSD : Double Top n RSI divergence

FX:EURUSD   Euro / U.S. Dollar
EURUSD             gave us 2 back to back chances today, the first being symmetrical triangle and now Double top . Probably a lucky day for us with EURUSD             combo. This double top also has bearish divergence, current candle being Doji wait for bearish confirmation to enter short.

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Happy Trading !!
Comment: Double top invalidated, so trade cancelled
lower lows on price and rsi, that is not divergence.
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InsiderB 99nines
yep, you are going by textbook reference I do agree. In my school of thought Double top with rsi lower high is divergence.
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99nines InsiderB
yea... text book is usually better
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InsiderB 99nines
Again, I agree but textbook theory is different from practical application :)
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99nines InsiderB
This wasn't a bad idea.. made total sense in my book as well, just the rsi thing was off... with double tops you REALLY want textbook divergence.
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InsiderB 99nines
ok fine dude ! :)
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