As we can see from the 1h time frame, that this particular pair has been bullish for sometime and has created a trend to the upside forming higher highs and higher lows in price action to confirm bullish market sentiment. The reasoning for my short bias is that buying pressure stalled at 75.078 after the initial bounce from the trend line when it formed a higher low but failed to generate a higher high signalling that the buyers were indeed losing some momentum in the market. This caused inevitable increased selling / buying pressure as price fell into a short term consolidation before eventually breaking the trend line to confirm the directional bias of the market was to the downside and that the buyers had indeed withdrew from the market. We had some strong bearish candlesticks formed through the break of the trend line showing that the bearish sentiment was strong and that the market was reversing and with some pull backs to create the lower high of the downtrend. My entry position is highlighted in the second lower high formation that we can has very strong wick rejections indicating that there is still bearish sentiment in the market, i will be looking for further confirmation of wick rejections at this key level or strong bearish candle leaving this structure. In the instance that there is a retracement further to create the new lower high before continuation to the downside - i will be looking at how price reacts at the 0.618 fibonacci level " golden ratio" and wait patiently for any sign of resistance before taking an entry on this pair.