EUR USD - Short Flashcard
- Double top formation occurred during London session
- First leg with RSI hook into volatility bands and cross signal line
- Second leg formed with divergence
- Market baseline still pointing upwards and no close below 13 ema
- Entry either on first small candle to close below 13 ema (risky entry due to multiple pins below 13 ema) or on shift candle close below 13 ema
- MBL begins to curve down on second entry
- Volatility Bands compressed above 50 indicating a downside breakout
- TP taken at RSI hook into volatility bands @ 32 and cross signal line
- Double top formation occurred during London session
- First leg with RSI hook into volatility bands and cross signal line
- Second leg formed with divergence
- Market baseline still pointing upwards and no close below 13 ema
- Entry either on first small candle to close below 13 ema (risky entry due to multiple pins below 13 ema) or on shift candle close below 13 ema
- MBL begins to curve down on second entry
- Volatility Bands compressed above 50 indicating a downside breakout
- TP taken at RSI hook into volatility bands @ 32 and cross signal line