Presented on the 1 hr chart we see a potential pivot in play with top resistance rejection.
Indicators are set to confirm with a full MACD/SIGNAL cross just above the 0 line. This will confirm a sell off in play.
Watch for a pivot at 1.07400. With a MACD/SIGNAL cross through the 0 line the trend may truck right through our pivot zone.
Take profit at current channel bottom support at 1.07200. Stop loss above current resistance with a full close out above.
Please comment with thoughts and ideas. Thank you.
Indicators are set to confirm with a full MACD/SIGNAL cross just above the 0 line. This will confirm a sell off in play.
Watch for a pivot at 1.07400. With a MACD/SIGNAL cross through the 0 line the trend may truck right through our pivot zone.
Take profit at current channel bottom support at 1.07200. Stop loss above current resistance with a full close out above.
Please comment with thoughts and ideas. Thank you.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.