Simple idea, trade after retract.
you all can/already short at 38.2% and target will be 1.618%.
However I still waiting 1hr EMA 6 & 12 crossover then only short it.
This is my strategy, you can ignore my entry if you think it's too late. no wrong or right here.
Thanks, this analysis is for my self reference.
Main trend = Downtrend
I believe now will have some consolidation before the price reach 61.8% level.
Will enter the market according to the setup when it touch 61.8%
Besides, important news will release 28 & 29th July, please be careful.