1. 1.07 market showing clear bearish indications 2. LL + LH's being made in the market 3. Broke and closed below 1.049 retracement back to be previous structure resistance 4. Fib lines up with weekly area 50.0% 5. Lines up with trendline resistance 6. MA's Crossed to the downsides 7. Hanging man formation shown giving us the signal to go short.