The bears reinforcements finally arrived once price hit the structure of the previous resistance and downtrending channel. The 4hr Bearish engulfing candle after the tap of the target zone has signified Bearish reinforcement. Using current price action we can assume short until atleast 1.79500 with potential for bears to be in control all the way down to the bottom of the channel!
the top of the channel was broken from the 9 am hourly candle and depending on how the 4hr closes i will be looking for long positions THE BULLS ARE STILL FIGHTING BACK.