Entry around the 127.2 of AB @ 1.45818
Stops @ 1.47822, near previous highs of 02/12/2015, and above the 161.8 of AB
Entry @ 1.43649, just above the 38.2 of AD
The indicates a selling point, however the 4H indicates a potential rebound off the channel. Rebound could occur before descending to the 38.2
S. on both timeframes indicate further downside.
NB: patterns should form D at 127.2, however an extension to the 161.8 is acceptable and remains valid as long as there is no close beyond it.