Price has broken past an ascending channel structure and it looks like we could potentially carry on moving lower to tag the lows.We can clearly see that price rejected multiple times off a psychological level,which could now act as a horizontal resistance level(an area of significance).Also it seems like we could have the two EMAs crossing each other,further confirming bearish movement to the downside.Clearly multiple confluence factors stacking up.Ideally ill take this trade at the breakout of a lower time-frame corrective structure for better entry.