Reason for Short
5 touch trend line rejection on 4hr
Broken below previous support on 4hr
Drawing Fib High to low, 61.8% and 50% come into box area marked out.
Furthermore can look to see MA cross over to downside on market open.
Also on Daily candle is represented as pin bar, broken previous support.
TARGETS:
Drawing fib low to high of candles where box area is marked
Target 1 previous support @1.6830
Target 2 just above 1.72% extension again previous support
5 touch trend line rejection on 4hr
Broken below previous support on 4hr
Drawing Fib High to low, 61.8% and 50% come into box area marked out.
Furthermore can look to see MA cross over to downside on market open.
Also on Daily candle is represented as pin bar, broken previous support.
TARGETS:
Drawing fib low to high of candles where box area is marked
Target 1 previous support @1.6830
Target 2 just above 1.72% extension again previous support