Price has been moving below the cloud therefore any bullish trades / biases have been invalidated.
Now we should only be thinking to short from below the cloud.
The indicators seen on the chart Macd´s and a slow stochastic are also pointing down.
I am a trader that tries to take losses as quickly as possible and let the winners run therefore if price does not go your way then cut the trade.
If price manages to stay below the cloud then the target area would be the previous swing low at 1.06100.
The stop loss can be placed at the 1.09450 level.
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