15 min double top a bearish trend continues??
plan: Selling here on GRPUSD. entry 1.14565
stop loss: at 1.469
take profit: 1.3816
RR roughly 6.5
tight stop 15 chart double top looking for pull back to the most previous level of control at the 1.38 area where price most recently broke out from. also a clear 3rd touch on the trendline providing the needed validation to add to bear case of the double top on lower time frame along side a slight bearish divergence this upswing is providing. mostly a scalp to get monday started but seems like a nice easy safe set up to start the trading week.
stop loss: at 1.469
take profit: 1.3816
RR roughly 6.5
tight stop 15 chart double top looking for pull back to the most previous level of control at the 1.38 area where price most recently broke out from. also a clear 3rd touch on the trendline providing the needed validation to add to bear case of the double top on lower time frame along side a slight bearish divergence this upswing is providing. mostly a scalp to get monday started but seems like a nice easy safe set up to start the trading week.
Trade closed: stop reached