Short

I opened a short position based on the following reasons:

1)  Daily candle on the 13th Feb decisively broke and closed below the support line around 1.430 zone and created fair value gap.  

2) The price retraced to the FVG area and closed below the area this morning (I am looking at 4H and 1H for this). 
 
3) Both MACD and RSI in Daily and 4H are in the bear zone.

4) 4h MACD has just crossed in the bear zone and is moving to the downside. 

5) 4H MACD is also showing hidden divergence which indicates the continuation of the down trend. 

6) 4H EMA is below EMA 200 and the candle closed below EMA 21. 


Entry price 1.4190

Stop Loss: 1.43 (just above EMA 200 in 4H.  It is a general stop and I will move it soon if the price moves to the downside)

Profit target:  1.3975  (I might manually close it if the price struggles to go below 1.4000) 

Risk: Reward is 1:1.65