Reasons to look at potentially going short; - Third touch of descending trendline - 61.8 fib retracement - Back testing Short term support now possible resistance - Heading towards dynamic resistance (200MA)
Things to consider before; - A lot of buying pressure over the last few days (2 of 3 Strong Bullish Candle closures) - DXY looking bullish, Could see some more dollar strength before anything - Scale down to lower timeframes and look for a break of the ascending trendline before taking shorts
Longterm if we get the signal to go short and it all plays out then 124.200 could be a good target.