We've retested the channel we've broken clean out and resumed original trend.
A close below 0.6314 would warrant a short to next 0.60840
We may also find a reversal pattern to the upside as part of a bigger picture 0.6314 is 61.8% on Monthly TF
I'm monitoring this pair for either a continuation to downside or a reversal to 0.67740 to put in a new HH
A big channel on the Monthly TF shows the lower boundary to be around 0.5854 level so that's definitely a buy area for me. What's funny is that 0.5854 is the fib level that'll cancel the move! so i'll have to just monitor PA around the level!
All ideal entries and targets are displayed on chart!