1. The region between 1.65955 - 1.6688 has been a rejection level in the past, with all 3 rejection levels being confirmed by a dark cloud cover pattern.
2. Plotting a short term up sloping which should give a visual confirmation for the short.
3. Entry would be in/around current month's
4. Trade should be BE when price closes below last month's level and target is set to this month's S1 (Note that the S1 region is a high buy zone level if you look to the past 2 months. So expect price to bounce off this level very quickly.