Here is a cleaner version of my chart for this pair. First we must consider the RSI level which is low but it don't mean that it cant get any lower, just be mindful of it. Second the fib projection of the C leg is definitely lower than previously plotted, expect the market to test the whole PRZ before any redirection, however pullback is eminent at any time now.
Recommendation: I can sell this pair now but must make a tight stop a trailing stop is advised. How far away ill leave that to you. It is important to observe the PRZ any gap or strong down movement would mean a continued down leg.
Prediction: This pair could go well beyond the Pink PRZ downward until it reaches the previews level, Look left. <-- but not without a pullback to previews higher level.
Recommendation: I can sell this pair now but must make a tight stop a trailing stop is advised. How far away ill leave that to you. It is important to observe the PRZ any gap or strong down movement would mean a continued down leg.
Prediction: This pair could go well beyond the Pink PRZ downward until it reaches the previews level, Look left. <-- but not without a pullback to previews higher level.