We are watching this compression point currently under this horizontal Resistance level.
Paying attention to the upward support that we are approaching after breaking our first price average as the candle crosses over the black line.
We hold that as bearish movement.
Would like to see it crack and have a nice Retracement.
50% short. Playing roughly 3% stop-loss, we will stay on top of it and see how she wants to move.
Have an awesome trading week! Cheers. ✌😁✌