Double Top at Resistance (EURAUD analysis)

FX:EURAUD   歐元 / 澳幣
Hi guys,
if you take a look at the daily chart of this pair you'll notice right now we're testing a previous structure level that acted as resistance in the past. Being the case, i want to look for reversal setup down on lower timeframes, such as 1hr and 4hr. As you go down on the 4hr chart, it's apparent price is having some troubles breaking through 1,5050 level and it's forming a nice double top with RSI divergence.
I would reconsider this setup when the current candle will close, then i'll decide whether to enter or not.
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If you have any questions, or if you want to share your view, feel free to comment below.
Otherwise, see you in the next chart!
評論: Currently i'm waiting to see a lower low lower close candle on the hourly in order to enter
評論: Stops moved to breakeven since we've reached something like 90% of our target1. If you want you can exit half position and let the other half run.
評論: Out at breakeven
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano:
Ultimo video:

If you agree, like this chart! Thanks
My last (english) videoanalysis here:
Hi Rocker 1,
I very much like your style of trading, can you please let me know what your RSI settings are please?
+1 回覆
Roker1 mouldyjulian
Hey @mouldyjulian, thank you very much! My RSI is set up with Length 7 Overbought >80 Oversold <20
It's only true if the eur/usd stops rising
+1 回覆
Roker1 trung.nguyenduc1708
@trung.nguyenduc1708, it's true if euro becomes weaker than aud, that's all!
+1 回覆
Roker1 ploskyx3
@ploskyx3, thanks for sharing!
Thanks for the update @Roker1
+1 回覆
Roker1 NateTheGreat7
@NateTheGreat7, welcome!
@Roker1, I got in as well! Let's ride this baby down!!!
Roker1 NateTheGreat7
@NateTheGreat7, i suggest you to use your trading plan. Anyway, hope we can earn some money here!
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