head and shouldes + overbought rsi and structure
Updated
hey guys,
this evening on pound dollar I have a nice reversal pattern for you.
on a daily t/f you can notice that the market has recently met a decent level of structure after a nice bullish impulse.
on an hourly timeframe we see a nice confirmation pattern.
+ take into account very overbought rsi with clear divergence
what we are looking for is the bearish violation of a neckline.
targets will be based on structure
your stop will be above head
good luck!
Note
still in a consolidationTrade active
Note
retest of a necklineTrade closed: stop reached
✅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/ ✅
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.