Price came up to the 38.2 fib the 61EMA and horizontal resistance. Entering a quick short, if any of the resistance is broken I will exit.
I use it to see the trend or range, and on larger time frames, as support or resistance. I have been testing it out on smaller time frames, and have noticed once the EMA is broken by a large candle, price action continues in that candles direction. I don't like using the 20 or the 50.