On the we can observe rgmov signals and on the weekly we can see that price has gone under 123, and failed to produce new highs after testing a quarterly range expansion bar's 50% level.
It seems like this is the start of a strong market in this pair, so I'll be looking to go short on a retracement.
Invalidation/stop is a retrace past the 61.8 level of the first wave down, which I think will be over the weekly mode.
(I'm not positive is wave 1 down is finished, probably soon).
Again, going short here once we get the aforementioned retracment, is a very significant opportunity, which I don't intend in missing.
Good luck, and brace yourselves...wild ride coming.