Based on a Fib from 2016 to the low of 2017. The price bounces off the 32fib and continues down. On the daily chart there is now a small wedge forming and it is not making higher highs. Bollinger bands are tightening up and price closed below the MA. Target price 1.25470.
Trade active:
I have added to my short at 1.28970 , but my stop is very tight at 1.29300 , I have risked this in so not risking more than 1.5% , so be careful.