Please see my old post for context. We have confirmed a structure break and it will be interesting to see if this down move picks up steam or retraces the next week. What I got WRONG:I anticipated more bids around 1.21 and below. What I got RIGHT: Bearish sentiment and confirmed down trend On the news front next week is busy, especially the later half. As I mentioned earlier it appears politics, for better/worst is driving volatility. I'll revisit this idea later this weekend