Bearish drop?

DOG/USD has just reacted off the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop to our take profit.

Entry: 0.1482
Why we like it:
There is an overlap resistance level which lines up with the 50% Fibonacci retracement.

Stop loss: 0.1565
Why we like it:
There is an overlap resistance level that is slightly below the 78.6% Fibonacci retracement.

Take profit: 0.1362
Why we like it:
There is a pullback support level.

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