If we hold this triangle breakdown, i am guessing the flag plays out. There is also the larger head and shoulders pattern
The pair seems to have stalled at the .618. Any retrace in the 117's would be a welcome gift to go long.
On their way. Hard to see the broader market turning lower until this resolves itself.
There is a fractal setting up similar to the Feb 2014 price action. Weakness in other PM's and/or continued strength in USD could trigger this.
I would be looking for a retrace to the .9430 - 9440 range to short for an A=C
Measured move target to 17235
