![](http://www.dukascopy.com/imageserver/img/4a230bd1033a7c2c35e512eea9d7e165/500_2/image.jpg)
Market failed to move up and tested the highs three times. Each time rejected higher prices and auctioned down. Recently gave a lower high and showing inclination for a move to the downside. Took a short position with stop at 1.24500, recent high.
Target achieved.