OlegPeshkoff

NZDCAD SHORT AT DOUBLE TOP AND BEARISH DIVERGENCE

FX:NZDCAD   New Zealand Dollar/Canadian Dollar
85 1 1
The divergence you are showing is a divergence between previous structure high to new structure high and RSI. As we can see this bearish divergence already brought the benefits as the price broke the last higher low to the downside.
If you meant the divergence between the tops of the doubletop and RSI, the there're no divergence at all. The first top of the doubletop is higher then the second. So the second top should be considered as a potential first lower low of a bearish trend coming.
Inspite of this nuances the overall idea is correct. We are to see some bearish movement from this level.
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