The beginnings of a trend?

5 Mar 2017

• Price has gone below the flag for more than a day. This may be a sign of a downtrend starting.
  
• A safe entry would be going short after the retest at 0.71609 area.
  
• The riskier position would be going long on the retrace (around 0.70453) and subsequently short to follow the trend.
  
• Hints would be based on D1 candlestick formation.