Quote from Johnny Walker:
Whats your technical reasoning then? I am also considering this trade as it looks like the up trend of the last few weeks has been broken and the price has pulled up a little bit giving a nice short entry.
I'm seeing slight bearish divergences on intraday charts (less than an hour) with RSI and MACD. I am not currently looking past one hour charts in terms of direction analysis so I am no exhibiting any long or short bias.