Reasons for this trade:
1. It broke the trendline confirming a reversal for the downtrend
2. Its currently at a zone (78.6 - 88.6)
3. As long as it doesn't break the last high ( at the 100%) then this will be a nice bearish move
FibonaccifibsdontliefibspaysthebillskeepitsimpleSupport and ResistanceTrend Lines

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