Reasons to look at potentially going short;
– Third touch of descending trendline
– 61.8 fib retracement
– Back testing Short term support now possible resistance
– Heading towards dynamic resistance (200MA)

Things to consider before;
– A lot of buying pressure over the last few days (2 of 3 Strong Bullish Candle closures)
– DXY             looking bullish , Could see some more dollar strength before anything
– Scale down to lower timeframes and look for a break of the ascending trendline before taking shorts

Longterm if we get the signal to go short and it all plays out then 124.200 could be a good target.