Long from 70.10 but confirming now on the intraday (1hr) time frame.
Comment:
Still valid... but the 1hr time frame failed while the 4hr time frame just confirmed. What I do in these situations is just adjust my trade on a new time frame, which in this case is now the 4hr (formerly the 1hr). I got stopped at 70.20 yesterday and re-entered at 70.30 today.
Comment:
We are now horizontal (better confirmation for more conservative traders). I've added to my long position.
Comment:
My stop is the red line.