Let's take a look at cable guys. Fundamental and Technicals are aligning here. There is some news of members of parliament regarding confidence letter and it gapped lower.
Weekly is just sitting on kijun from 2-3 weeks . Macd is crossed down.
Daily broke cloud but kumo is providing some hard resistance as it is unable to break higher . There has been numerous attempts. Macd is below zero and neutral as well.
In this case, i will take a sell signal on 4h and looking for a move lower.
Happy trading.
Weekly is just sitting on kijun from 2-3 weeks . Macd is crossed down.
Daily broke cloud but kumo is providing some hard resistance as it is unable to break higher . There has been numerous attempts. Macd is below zero and neutral as well.
In this case, i will take a sell signal on 4h and looking for a move lower.
Happy trading.