This idea is nothing that is on my trading plan at the moment, just testing some stuff to define some rules I want to be backtesting in the near future.
Price Action is right under a daily resistance level so we could expect some rejection
It is putting this nice double top, RSI oversold on first test + RSI divergence on the retest.
Selling at market with target at retest of previous NSH
Like I said, JUST AN IDEA !
Price Action is right under a daily resistance level so we could expect some rejection
It is putting this nice double top, RSI oversold on first test + RSI divergence on the retest.
Selling at market with target at retest of previous NSH
Like I said, JUST AN IDEA !
However, RSI is now OS again, PA still in that DSR level zone, let's wait and see if would be given a similar opportunity again ...
Like I said JUST AN IDEA (playing around with ideas I to define rules I want to backtest)