Presented is a 1 hr chart sell analysis
We currently see an immediate pivot at key resistance 0.70900. If this bar closes out with little retracement we have first confirmation of a reversal.
We can rely on indicators to detect pullbacks. We are seeing RSI trying to breach 50 while SRSI is making its reversal point. MACD and SIGNAL are setting up for a cross back down.
We can enter if this bar closes below 0.70600. Take profit at next key support of 0.70200.
Please comment with thoughts and ideas. Thank you.
We currently see an immediate pivot at key resistance 0.70900. If this bar closes out with little retracement we have first confirmation of a reversal.
We can rely on indicators to detect pullbacks. We are seeing RSI trying to breach 50 while SRSI is making its reversal point. MACD and SIGNAL are setting up for a cross back down.
We can enter if this bar closes below 0.70600. Take profit at next key support of 0.70200.
Please comment with thoughts and ideas. Thank you.
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