As you can see, here is some more simple trend analysis based majorly off of previous levels and trendines. i have highlighted 5 previous areas where price has hit the downward trendline area and bounced to the downside and I am expecting another one
here. This level also lines up with my zone between 1.65972 and 65318. Price has entered this zone and the huge bullish
momentum it did have has suddenly dropped as price is appearing to look for a move to the downside. I have set a relatively safe stop loss above this zone but a tighter stop could be taken near the most recent high to provide a nicer risk:reward. Lets see how this plays out.