Play by play , waiting for confirmation of down trend .
After the new developments , we have potential break to the down side .
A drop to lower levels , is highly likely .
Retracement in full effect , next target area .318
We've reach the bottom of the channel with this pair , bull flag formation on lower time frame . High probability of moving higher.
Bounce from the .618 more down side .
Retesting the top of this falling wedge , up we go from there .
.618 is a powerful magnet for retracement .
down after a break out
Looking for first target at the top the the fib line, then father push upside .
Shorting target in view , waiting for a good entree .
IF the trendline brakes , we can expect and longer correction .
A retracement is due after a nice rally up
My favorite type of currency is final back in action after year of not being able to break pass 1370$ . Looking like a new bull run .