I'm short already on this pair and market has bounced from the pink trendline that I didn't took in account. My tough now is; market is not willing to go deep down to touch the yellow trendline again. This hint I might expect one last down movement towards the pink trendline before the brakeout as shown with the last 2 drawn arrows. The SL is placed at BE, if...
I won't be surprised if I will see another down move on Volkswagen due of current scandal going on.