Hi guys,
here i am again trying to short this pair. You could think i'm crazy but as always i do my analysis trying to be objective with the chart and here's what came out: we're at a major structure level (both weekly and daily), we are in an overbought condition on the daily, and there's an RSI divergence (both on the daily and on the 4H), we're also at a psychological level (1.23) that could act as resistance, and finally, we've created a double top with a big red engulfing candle at the end of it. I think this is actually a good trading opportunity, at least for my own personal rules. Please, always do your own thought process before entering the market.
Entry at the blue line, stop at the red one, targets along with the green lines.
If you have questions, or you want to share your opinion, feel free to write here below.
Otherwise, see you in the next chart!
here i am again trying to short this pair. You could think i'm crazy but as always i do my analysis trying to be objective with the chart and here's what came out: we're at a major structure level (both weekly and daily), we are in an overbought condition on the daily, and there's an RSI divergence (both on the daily and on the 4H), we're also at a psychological level (1.23) that could act as resistance, and finally, we've created a double top with a big red engulfing candle at the end of it. I think this is actually a good trading opportunity, at least for my own personal rules. Please, always do your own thought process before entering the market.
Entry at the blue line, stop at the red one, targets along with the green lines.
If you have questions, or you want to share your opinion, feel free to write here below.
Otherwise, see you in the next chart!
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