After seeing a lower low, a new opportunity to get into a lower low, small wave continuation move to the downside. After impulse, the pair has offered a small wave retracement. Nice resistance on the 50 moving average and candles at the retracement and resistance suggests downside will be seen. Expecting a downside move to targets, there is confluence at the bottom of the range, which is where the 3 wave target move is. Good 3 wave short opportunity to the confluences, makes good sense.