Here on the 1hr chart we have a double top
forming at a previous major structure level. We also have an overbought RSI
divergence which in my experience normally sets up pretty accurate trading opportunities. The rules of my plan state that i can sell the double top
before it breaks the neckline if the first test of the high is overbought on the RSI
and if there is RSI
divergence on the second test. Plus there is really good risk reward
on this trade. So im short GBPAUD
because of a few technical indications.