Short on a break of previous weekly support

48 0 4
Hello traders, well the reasoning for the trade is the break & intra-day             retest of yesterdays support outlined by the blue horizontal trendline . The first target for the trade is the 16.65 level, 2nd target is the 16.35 level. All moving averages (20,50,100,200) have gone flat confirming this as an area of distribution / price range.

Cheers and GL =)
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