His info has been pretty excellent recently so definitely worth watching this level. This guy has an inside seat in the Prime Brokerage world and sees a lot of the big order flows. He says that we should watch closely what happens around .8665; if it stalls there then there is a good chance that a decent sized sell order is capping the market and we can try a short trade with a tight 20 pip stop. That’s my kind of trade idea, cheap and cheerful!
The reason he says to wait and see what happens is because often times the order isn’t actually live and has to be confirmed when the market reaches the level in question.