Good afternoon Traders, This is a very simple trend continuation trade. We see a previous impulse the shows very strong bearish momentum. Price is now consolidating in a descending triangle, which is a hint, that price might continue lower. A stop sell order below the trendline support is a possible entry.
Also, I've drawn the fib. extension lines and the 0.618 level confluences well with the low on the daily chart if you scroll back.