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
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