Dual scenario Pending
Presented is the 1 hr chart with 2 play outs depending on support and resistance.
Currently we see a straight consolidation riding top resistance of 83.450. A break above could trigger a buy entry to retest top resistance of 84.500.
A retest and break of 83.000 support can trigger a sell to retest 82.400.
Current indicators hint towards support retest for a potential break with MACD/SIGNAL trying to correct back into sellers favor while RSI pivoted below 50.
Be patient for entry. Please comment with thoughts and ideas. Thank you.
Currently we see a straight consolidation riding top resistance of 83.450. A break above could trigger a buy entry to retest top resistance of 84.500.
A retest and break of 83.000 support can trigger a sell to retest 82.400.
Current indicators hint towards support retest for a potential break with MACD/SIGNAL trying to correct back into sellers favor while RSI pivoted below 50.
Be patient for entry. Please comment with thoughts and ideas. Thank you.
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