Hi guys,
this time we're going to take a look at the pound dollar cross; as you can see price has formed a nice double top at a previous structure point in higher timeframe (4H) with RSI divergence (bottom of your screen).
I'm not taking this because i'm already involved with GBP pairs so i don't want to be overexposed, but i think this could be a nice short.
Stops would go above the highs, conservative target can go at the retest of the recent low, a more aggressive target could be at the retest of the lows at 1,2430 level.
If you want to share your view or ask quesitons, feel free to comment below.
Otherwise, see you in the next chart!
this time we're going to take a look at the pound dollar cross; as you can see price has formed a nice double top at a previous structure point in higher timeframe (4H) with RSI divergence (bottom of your screen).
I'm not taking this because i'm already involved with GBP pairs so i don't want to be overexposed, but i think this could be a nice short.
Stops would go above the highs, conservative target can go at the retest of the recent low, a more aggressive target could be at the retest of the lows at 1,2430 level.
If you want to share your view or ask quesitons, feel free to comment below.
Otherwise, see you in the next chart!
Trade closed: target reached:
First target would have been hit!