We see that on the daily time frame, we are in some form of bearish rotation and the trend is down. You'll also noticed a head and shoulder's pattern just formed as well.
We see some neat resistance level around the 79 even handle. Should price reach this level again, an entry reason such as a double top with some divergence would be a strong reason to enter on my hourly trading time frame. Will this level hold price back again? Not sure, but I like it.
This is chambered to be a somewhat decent trade, that actually can be played in classic trend continuation fashion if one were so inclined.
Benny
We see some neat resistance level around the 79 even handle. Should price reach this level again, an entry reason such as a double top with some divergence would be a strong reason to enter on my hourly trading time frame. Will this level hold price back again? Not sure, but I like it.
This is chambered to be a somewhat decent trade, that actually can be played in classic trend continuation fashion if one were so inclined.
Benny