FSR in 'southern' territory, heading further South!!

The red candles on Tuesday and today show rejection from the 6344 to 6400 area which if you revert to the weekly chart is the SSB and Kumo cloud area. This means the area of least resistance is south. So i anticipate the bears to take price down to the 1st take profit of 6133 then the 2nd take profit 6035. Longer term target will be 5579 then we appraise the price action at this level.

Entry: Sell on todays close @ 6278
SL : Use about 1 ATR @ 6447
TP: 1st TP - 6133
2nd TP - 6035
3rd TP - 5579

Risk Management: half of what you are comfortable with:))

Comment:

Correction :2nd target is actually 6008 marked in blue on the chart:)

Trade closed: stop reached:

Stopped out:). . . . .(remember always risk half of what you are comfortable with)