Channel Down continuation within the 1W Falling Wedge. Bearish.

As expected the consolidation around 0.1000 broke downwards and a new very aggressive 4H Channel Down (oversold RSI = 21.923, STOCHRSI = 0, Williams = -98.798, Ultimate Oscillator = 21.489) has emerged. This is still trading within the wider 1W Falling Wedge pattern (MACD = -0.080, Highs/Lows = -0.0498, B/BP = -0.1070). Our ultimate TP is still 0.060 but if 0.055 breaks, then the Falling Wedge is crossed to the downside and a very aggressive bearish sequence will commence for XEMUSD. Updates will follow to cover this scenario.