We have reached a few touches of the inner structure,and third touch of the smaller 30 min trend line, waiting patiently to see if we can reach the third touch of the outer structure.
This would be perfect and ideal as a high probability trade and also near double tops so more chance of rejection,
once rejected clearly we can hold on to the sell, as the green arrows indicate there a few places we need to break to reach optimal TP (the final green arrow)
RSI is also showing close to overbought on the 4hr which adds to the confirmations for sell
This would be perfect and ideal as a high probability trade and also near double tops so more chance of rejection,
once rejected clearly we can hold on to the sell, as the green arrows indicate there a few places we need to break to reach optimal TP (the final green arrow)
RSI is also showing close to overbought on the 4hr which adds to the confirmations for sell