Both scenarios (for now at least are relevant).
On one hand, we have a potential double top, with divergence across the two peaks. On the other hand we have a descending channel break with a clean break, hook back and rejection of the channel top....
To sell, i'm looking for a break of the double tops neckline at .912.
To buy, i'm looking for the price to impulsively move away from the channel top, at which point i will get into the LTF's and look for longs.
Become a student today to get updates on what were seeing.
Setups where you can see both sides of the fence are definitely the best type of setups... it allows us to have an unbiased view of the market, this leads to much more effective trading.
On one hand, we have a potential double top, with divergence across the two peaks. On the other hand we have a descending channel break with a clean break, hook back and rejection of the channel top....
To sell, i'm looking for a break of the double tops neckline at .912.
To buy, i'm looking for the price to impulsively move away from the channel top, at which point i will get into the LTF's and look for longs.
Become a student today to get updates on what were seeing.
Setups where you can see both sides of the fence are definitely the best type of setups... it allows us to have an unbiased view of the market, this leads to much more effective trading.
Trade closed: target reached