Presented is a 1 hr sell analysis based off supports play outs.
If trend can break through 151.500 at least a scalp is in play to retest 151.100. A breach through 151.100 will give ultimate sentiment towards bottom support of 149.000 at our take profit zone.
RSI is lurking below 50 looking for continuation. Pay attention to MACD/SIGNAL playout. We will either see a breach through 0 line to confirm sell sentiment or may reject to continue consolidation around top resistance.
Look for reversals at near supports which may reverse trend to retest 152.400. Our previous retests of 152.400 with little effort to breach through send the trend back into our take profit zone which is where the idea is derived.
Please comment with thoughts and ideas. Thank you.
If trend can break through 151.500 at least a scalp is in play to retest 151.100. A breach through 151.100 will give ultimate sentiment towards bottom support of 149.000 at our take profit zone.
RSI is lurking below 50 looking for continuation. Pay attention to MACD/SIGNAL playout. We will either see a breach through 0 line to confirm sell sentiment or may reject to continue consolidation around top resistance.
Look for reversals at near supports which may reverse trend to retest 152.400. Our previous retests of 152.400 with little effort to breach through send the trend back into our take profit zone which is where the idea is derived.
Please comment with thoughts and ideas. Thank you.