On the UK100 1hr chart we can see a double top.
I must say that this trade is for educational purposes since I don't spot this pattern that much.
The RSI, Volume and Price is lower at the second top which means the interest is cooling down.
The stop is placed at the last high or if you trade safe a little above.
To get better at spotting this patterns I'm publishing it here so you and I can both look back at this trade the next time spotting this pattern.
Thanks for reading and especially on this one I would appreciate some feedback!
Wesley
I must say that this trade is for educational purposes since I don't spot this pattern that much.
The RSI, Volume and Price is lower at the second top which means the interest is cooling down.
The stop is placed at the last high or if you trade safe a little above.
To get better at spotting this patterns I'm publishing it here so you and I can both look back at this trade the next time spotting this pattern.
Thanks for reading and especially on this one I would appreciate some feedback!
Wesley
Comment:
