Sell Analysis
Presented is a 1 hr chart sell analysis between support and resistance.
We see a retest and rejection at 1.83500. We can justify a straight channel trading scenario with the bears attempting to retest and breach 1.82000 which is our take profit target.
MACD/SIGNAL lines have crossed and heading for zero line while RSI made a leap to breach 50 for continuation further towards the oversold zone.
Stop loss above current channel resistance. Please comment with thoughts and ideas. Thankyou.
We see a retest and rejection at 1.83500. We can justify a straight channel trading scenario with the bears attempting to retest and breach 1.82000 which is our take profit target.
MACD/SIGNAL lines have crossed and heading for zero line while RSI made a leap to breach 50 for continuation further towards the oversold zone.
Stop loss above current channel resistance. Please comment with thoughts and ideas. Thankyou.
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