exploration
Short

Double Top Forming EUR/USD Target 105 pips

FX:EURUSD   Euro Fx/U.S. Dollar
748 7 3
A Double Top is forming on the EUR/USD             ...... There is some divergence building on the RSI for a sell sign. Suggestion : Place an active trade if price goes below the dotted line.... Target 105 pips... see video on how to trade this Double Top idea...if price action does not go below the dotted line then use the pivot method.

A video on trading double tops and double bottoms http://www.informedtrades.com/2916-double-bottom-double-top-trading-strategies.html
Tips on divergence http://www.informedtrades.com/blogs/drebg/2105-divergence-simplified.html

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Razvan
4 years ago
hello exploration, it is a little weird divergence, the price action didn't make a new high, in my opinion this kind of div are less trustful. And you can see that on the evolution, now it looks like and symmetrical triangle.
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exploration
4 years ago
With divergence building.. i look at higher highs and lower lows The RSI has a lower low and the EUR/USD chart has a higher high verse the RSI...it would be better to see the EUR/USD have a more higher point verse the RSI ....i would only trade this if price goes below the dotted line on the chart..... And thats the setup....hey mohora follow my charts by clicking on the follow tab and build a vision with us in the alphabet system.
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exploration
4 years ago
Zero Trade zero beakout
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