After a big rejection of the weekly and monthly zone at the top we got a big rejection and the pair is forming a flag so nice it would be a loss to miss the moove to the downside. We got a hit of the 38.2%fib and a 4h MA200. But the moove to the down side is indicated by that nice bearish moove and a flag. Notice the difference in the candles while mooving down and that up moove(a correction/flag(slow as f***)). The pair migt pull back a bit before the continuation so put the stop loss above the flag. My target is a 1.90000 zone ( monthly resistance). By breaking the 1.90000 we could be finding new entry's to long-term short.
Monthly view:
Monthly view: