selling double top

Hello traders,
last week I published the idea on short opportunity for eurusd based on bearish harmonic abcd pattern,
for today, we have another great selling signal - Double Top pattern.
There are multiple ways how to trade double top, however, on this chart we see the attempt of the market to establish new high, then retracement down establishing local support zone and then movement up retesting the high.
And now look what happened: instead of bouncing up from our local support, market broke it - this is the perfect signal to be involved in double top selling strategy.
After we see a clear breakout, we sell placing our target based on structure and size of retracement between the tops.
In addition, look at RSI, we see clear divergence.

Stops above the tops.

Bình luận:

Market is going down

Bình luận:

T1 reached

Đóng lệnh: dừng lỗ