After seeing a clean break and close below the trend line and also an M.A crossover i believe price should fall to my downside targets.
as you can see for extra confluence i drew a barrier in which price could have turned around but so far it has broken through. I'm strongly in favour for a short bias but if price breaks my C.T.L i believe we will see a move to my upside targets. moving forward before we see a move to the upside i believe we should touch downside target 1 or 2 which is in line with a DAILY FIB 0.61 RETRACEMENT or price could even continue to fall.
So regardless i have got a long and short bias but I am in favour of a short first.
as you can see for extra confluence i drew a barrier in which price could have turned around but so far it has broken through. I'm strongly in favour for a short bias but if price breaks my C.T.L i believe we will see a move to my upside targets. moving forward before we see a move to the upside i believe we should touch downside target 1 or 2 which is in line with a DAILY FIB 0.61 RETRACEMENT or price could even continue to fall.
So regardless i have got a long and short bias but I am in favour of a short first.
