We've seen some rapid bullish movement on this pair over the past few weeks, almost 10 weeks straight up. This pair is well overdue a major correction and I really like this area to take a short. We're just about on the 886 reversal on what is a HTF bearish chart. Until price action breaks those previous highs this is still bearish in my eyes and this area gives us a great RR nearly 6 to 1 to short to the 38.2 retracement, that is a modest target I feel as well because if this decides to make another leg down there's a huge trade to be had but let's not get greedy!