Sell off top channel resistance
This is a 1 hr chart technical analysis. We are finding continued rejections around 127.100 following previous trend patterns off support/resistance pivots.
Currently RSI is forming lower lows while price is within higher high range. This correlating with a MACD/SIGNAL cross down through 0 line to retest our key supports of 126.700 and 126.500 (which are our TP targets). Stop loss is place above top resistance with a breach and continuation.
Please comment with thoughts and ideas. Thank you.
Currently RSI is forming lower lows while price is within higher high range. This correlating with a MACD/SIGNAL cross down through 0 line to retest our key supports of 126.700 and 126.500 (which are our TP targets). Stop loss is place above top resistance with a breach and continuation.
Please comment with thoughts and ideas. Thank you.
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