Price on that pair has been coming back up to retest previous structure. before slightly retracing.
RSI is overbought.
If price comes to retest the recent low with RSI divergence, I would need a doji candle or a Lower Low Lower Close candle to short that pair. Stop at 113 fib extension of the move up
Target 1 at bottom of the double top
Target 2 at previous structure
If I don't get my entry on the double top, will then wait for a potential 2618 to get short (depending on the risk to reward on the 2618)
RSI is overbought.
If price comes to retest the recent low with RSI divergence, I would need a doji candle or a Lower Low Lower Close candle to short that pair. Stop at 113 fib extension of the move up
Target 1 at bottom of the double top
Target 2 at previous structure
If I don't get my entry on the double top, will then wait for a potential 2618 to get short (depending on the risk to reward on the 2618)