WHY BEARISH BIAS TRADE
Price had two failed breakout attempts of the 800 sma
A 3rd failed breakout attempt of the 800 sma was a news related event
Macd is below zero and Red signal lines
Short Trades
News related spike bullish candle low is support level to breakout @ .71725
Price should close below 50 sma
1st Sell Entry @ .71725
2nd Sell Entry is bearish breakout of 4h trendline
2nd Entry is made from a 15m chart with a break-hook-go candle pattern
Sell Take Profit is the 100 sma so possible exit area is .7110
Watch Macd for direction