Possible Double Top
Hey Guys just an IDEA. So seeing a bit of a rejection at the resistance zone again, possibility of a double top happening. It broke out of two trend lines and now its retesting a zone. So lets see how the 1 hour and 4 hour candles close. On the 1 hour it kinda closed with a big shadow/bearish engulfing candle stick but went back up. Might be forming a double top on the 1 hour chart as well. If it breaks to the top we could enter a buy trade once it retests or if the price doesn't break we can see a double top on the 1 hour chart and enter possible sell trades. Lets see how it plays out. Happy trading.
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