ONE has provided us with a nice correction to retest the 0.618 fib also in confluence with this area of daily resistance forming this possible big head and shoulders formation. Whilst the price remains below this zone the priority is bearish and we could easily see the continuation to the downside and the market to go and retest the daily demand at 0.0500. We will be waiting on 4hr timeframe inside of this zone to see if the market will meet our entry rules of this strategy. ONLY if entry rules are satisfied we will possibly take a nice short.