So we have a daily downtrend, a possible double top on 4hr, divergence forming. Everything here spells a short.
One thing we must know is that London session will never allow us to get a perfect double top so I expect price to reach between 0.694 and 0.695.
Follow arrows to structure level for TP. After that I expect the neckline to be tested and dropped lower.
Very high risk reward for this trade
If you agree, please give this chart a thumbs up. If not please comment and let us all learn from you.
Thank you and good luck
One thing we must know is that London session will never allow us to get a perfect double top so I expect price to reach between 0.694 and 0.695.
Follow arrows to structure level for TP. After that I expect the neckline to be tested and dropped lower.
Very high risk reward for this trade
If you agree, please give this chart a thumbs up. If not please comment and let us all learn from you.
Thank you and good luck