Double Top in EUR/USD: Short signal
I entry when the previously candlestick was formed to entry in short position, now it''s late to entry, because the price is go down now, but there are an interestig entry when you make this example for you, because we are in another and updates chartist pattern in formation and that called Bearish rising wedge, but in that case, we could to see that this chartist pattern is bearish.
So, in H1 timeframe we have a confirmation of double top, also look how the RSI is lossing force of boughts
Also, but more important is to recognize when the price is lossing boughts, because using the bearish divergence is important in all class of what type of traders are you. so, look below in this screenshoot in H4 timeframe, that is ia bearish divergence in the H4 timeframe.
And finally, in Daily timeframe we are in this chartist pattern called bearish rising wedge, but remember that EUR/USD is in bull run rally, but that nos neccesary that mean a EUR go to down the price, not neccesary, this is a possible re-accumulation and we are in the Elliot Wave # 4 for then, as updated to find up the Elliot Wave # 5 in the $!.17 USD, that is amazing entry in long in the zone of $1.13 USD.
So, I entry in the just zone when finished the candlestick, so the target is to find form me 96 pips, in your case if you entry in the green zone if the price make a pull back, your targets will be approximately 75 pips.
So, in H1 timeframe we have a confirmation of double top, also look how the RSI is lossing force of boughts
Also, but more important is to recognize when the price is lossing boughts, because using the bearish divergence is important in all class of what type of traders are you. so, look below in this screenshoot in H4 timeframe, that is ia bearish divergence in the H4 timeframe.
And finally, in Daily timeframe we are in this chartist pattern called bearish rising wedge, but remember that EUR/USD is in bull run rally, but that nos neccesary that mean a EUR go to down the price, not neccesary, this is a possible re-accumulation and we are in the Elliot Wave # 4 for then, as updated to find up the Elliot Wave # 5 in the $!.17 USD, that is amazing entry in long in the zone of $1.13 USD.
So, I entry in the just zone when finished the candlestick, so the target is to find form me 96 pips, in your case if you entry in the green zone if the price make a pull back, your targets will be approximately 75 pips.
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