double top and overbought market
Aggiornato
hey guys,
this Friday morning I want to focus your attention on dollar swiss pair.
Watching this pair on a daily we see that the market is approaching 1.01 level,
a significant level of structure looking left.
Also take into consideration overbought RSI.
on a 4h chart we have a nice double top pattern and decent rsi divergence.
also take into account a rejection candle 11th Feb. As you see bulls we trying to establish new market high,
however, we see a clear rejection.
last but not least, the market follow a rising trendline,
bearish violation of this trend line will trigger a selling reaction.
now we are waiting for a bearish violation 1.005 level to sell the pair.
Targets are based on structure.
Stop above tops.
good luck!
Nota
One more testNota
decent bearish violation of support Nota
potential retest of a broken level
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.