Going Short on a break below the current 4H candle. It could be the setup of the a "Double Top" or just a simple range trade.
Either way the ROI is 2/1 or 4/1 on a break of the neck line. A neck line break seems to also fall in line with the old trend-line.
Selling half at the neck-line in case of a bound. The ...
Keep it tight with a good risk reward ratio. The RSI divergence is indicating weakness in the uptrend. I am only looking for a range trade back to the 23.6% FIB before support is found..
Sell half at 0.82 and then move the stop to break even for the remainder of the trade.