Presented is a 1 hour sell analysis.
We can see our rejection at key resistance at 1.37500 with a pivot. While this is in play our RSI has a strong rejection at 50 while MACD/SIGNAL are correcting with histogram bins. I added a S-RSI for entry confirmation. As we can see S-RSI is way in overbought zone and correcting back down. Our trend is reacting beautifully to our indicator playouts.
I set 3 take profits at key supports mapped on chart. Stop loss above current resistance with close out above.
Please comment with thoughts and ideas. Thank you.
We can see our rejection at key resistance at 1.37500 with a pivot. While this is in play our RSI has a strong rejection at 50 while MACD/SIGNAL are correcting with histogram bins. I added a S-RSI for entry confirmation. As we can see S-RSI is way in overbought zone and correcting back down. Our trend is reacting beautifully to our indicator playouts.
I set 3 take profits at key supports mapped on chart. Stop loss above current resistance with close out above.
Please comment with thoughts and ideas. Thank you.