-Bearish trend since the start of 2016
-ABCD extension in play
-Watching for rejection around the 0.5/0. area (DAILY)
-Breakout of the triangle and currently retesting area
-Daily significant support which is now resistance (the purple boxes)
-I'm waiting for a breach of the and minor support (purple box just below price)
-Break and close below 1.2426 and we will short
-Be patient DO NOT jump the gun here.
-It also has the potential to break to the upside.
Trade safe and have a great week!!!