GBPAUD aggressive double top trade

13 juil. 2015

Here on the 1hr chart we have a double top forming at a previous major structure level. We also have an overbought RSI and RSI divergence which in my experience normally sets up pretty accurate trading opportunities. The rules of my plan state that i can sell the double top before it breaks the neckline if the first test of the high is overbought on the RSI and if there is RSI divergence on the second test. Plus there is really good risk reward on this trade. So im short GBPAUD because of a few technical indications.