head and shouldes + overbought rsi and structure

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!

ความคิดเห็น:

still in a consolidation

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ความคิดเห็น:

retest of a neckline

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