EUR/USD Bearish Divergence Setup with RSI Double Top Confirmatio

Analysis Overview:

I am analyzing the EUR/USD pair across the 1-hour and 15-minute timeframes for a potential bearish reversal setup. The primary focus is on identifying bearish divergence between price and the RSI.

Key Observations:

1-Hour Chart (H1):

The price is currently approaching a key resistance zone around 1.0540 - 1.0573, as indicated by previous highs.
I am observing that while the price continues to climb, the RSI is nearing overbought levels, which often signals exhaustion.
15-Minute Chart (M15):

I am monitoring for a possible RSI double top while the price continues to make higher highs.
If the RSI fails to break above its previous peak, this could confirm a bearish divergence and signal a potential change in price direction.

Trading Plan:

Confirmation Trigger: I will wait for the RSI to form a clear double top pattern on the M15 chart, while the price continues to push higher, creating divergence.
Entry: A bearish signal will confirm entry near the resistance zone (1.0540 - 1.0573).
Stop Loss: Above the resistance zone at 1.0573.
Take Profit: Targeting the next support area around 1.0485.

The setup focuses on bearish divergence between the RSI and price action. If the RSI confirms a double top while price reaches resistance, this would strengthen the case for a reversal and a potential short trade.

Monitoring the M15 chart for confirmation will ensure precision in entry timing.