Now looking more like a doji
bar than a high test bar, today' price bar has put in a lower high that narrowly missed the 50 ema
, but nonetheless is still on point for an entry short. Price has rejected and closed below the 0.618 FIbonacci level to complement this short setup.
Entry - below today's price bar
Stop - above today's price price
Target - 0.7500 which coincides with 1.272 Fibonacci extension