Presented is the 4 hr chart. Looking for a sell entry based off price action with RSI and MACD technical confirmation.
We saw a bull breakout bar with a key resistance rejection following an exhausted bull trend. Based off price action rules a longer full pivot waiting period is occurring along the key resistance (explained on the chart) I will wait for a bearish breakout bar in the 1 hr to enter a sell trade.
RSI has been looming along the overbought zone with the MACD set to cross down on signal.
Please comment with any thoughts and ideas. Remember my entry rule before making moves. Thank you.
We saw a bull breakout bar with a key resistance rejection following an exhausted bull trend. Based off price action rules a longer full pivot waiting period is occurring along the key resistance (explained on the chart) I will wait for a bearish breakout bar in the 1 hr to enter a sell trade.
RSI has been looming along the overbought zone with the MACD set to cross down on signal.
Please comment with any thoughts and ideas. Remember my entry rule before making moves. Thank you.