Been watching this for a few days now. Price action
has hit and creeped over the upper trend line
but not enough to call it a break. We have a 3 push setup and I've noticed a cypher pattern
completed already too. In addition I also like the wicks that PA has left, proving patience pays. Great time to short this pair with great risk reward
. For targets the 38.2 retrace sits real nice onto previous structure but there's no reason why this wont run on further down. Stops above previous daily highs and the X of the cypher
(granted a little conservative).