OMG Sell a break setup.
OMGUSD - Intraday - We look to Sell a break of 5.928 (stop at 6.161)
Prices stalled near resistance and reversed lower.
Rallies continue to attract sellers.
The RSI is trending lower.
A break of 5.930 is needed to confirm follow through negative momentum.
Trend line support is located at 5.300.
Our profit targets will be 5.251 and 5.051
Resistance: 6.600 / 7.000 / 7.300
Support: 6.000 / 5.400 / 5.000
Prices stalled near resistance and reversed lower.
Rallies continue to attract sellers.
The RSI is trending lower.
A break of 5.930 is needed to confirm follow through negative momentum.
Trend line support is located at 5.300.
Our profit targets will be 5.251 and 5.051
Resistance: 6.600 / 7.000 / 7.300
Support: 6.000 / 5.400 / 5.000
Related publications
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.