-VERY BEARISH ON THIS PAIR. RED CANDLE CLOSE ON ALL TIMEFRAMES -MA ARE DOWN -BIG DAILY BEARISH ENGULFING -WE BROKE THROUGH AND CLOSED UNDER THE TRENDLINE DRAWN ON. -WHAT I WILL SAY IS THAT WE DIDNT ACTUALLY CLOSE AS A NEW LOWER LOWER. -SO WE COULD SEE SOME SORT OF SLIGHT RETRACEMENT. -WE ARE APPROACHING ANOTHER MAJOR MONTHLY KEY LEVEL OF RESISTANCE 1.500 -I THINK ITS GOING TO BREAK THIS AND CREATE A NEW LOWER LOW. -TARGET LONG TERM 1.3500 AND EVEN LOWER -I WAS ALREADY SHORT IN THIS PAIR BUT ITS HEADING SOUTH FOR SURE -ON H4 TIMEFRAME YOU CAN SEE FOR CLEAR ENTRY WHERE A B C WAS FORMED AND HELD FIB 0.618 WHICH WAS FURTHER CONFIRMATION OF MAKING A NEW LOWER LOW