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!

Kommentera:

still in a consolidation

Handel aktiv

Kommentera:

retest of a neckline

Trade stängt: Stopp nått