- Broke a larger uptrend and still on the way down with sharp bearish momentum shown.
- Also recently broke a short retracement channel which means it may be a good chance to enter a short in this pair, followed by a cross over on the 9,20 SMA and EMA .
- Stop loss set above top of last retracement around the 81 price.
- TP target is around 79, assuming it breaks the trend-line we will move stop loss just above the previous candle and T.P all the way to 72 area.