We can see a strong level that has previously been used as support and now price has broke through this level the bulls are struggling to push price back above this level and it is been used as resistance .
You can also see that price is in a downtrend and has been for a few weeks, price has touched our trend line a number of times on its way down and we expect this trend to continue.
So would we enter at market price or would we wait for a retest of the trend line and resistance and then enter? post your answers in the comments.
You can also see that price is in a downtrend and has been for a few weeks, price has touched our trend line a number of times on its way down and we expect this trend to continue.
So would we enter at market price or would we wait for a retest of the trend line and resistance and then enter? post your answers in the comments.