head and shouldes + overbought rsi and structure

21. Feb. 2019

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!

22. Feb. 2019

Anmerkung

still in a consolidation

22. Feb. 2019

Trade ist aktiv

22. Feb. 2019

Anmerkung

retest of a neckline

26. Feb. 2019

Trade geschlossen: Stop wurde erreicht