Although on the last leg of the C, price broke a key level of monthly resistance, it has retraced to the 50% fib.
On all higher TF'S both MA'S are above candles and not in proximity of one another signalling a continuation of the downtrend.
Key price action, both and , so i will be holding out on my entry until there is a trigger.
Target will be the last key level of support which also lands on the -.27 fib price of 1.50076.
This is what i see, what do you see?