If break out is legit, we should go lower soon. Last week we broke out of an ascending formation to the downside. We retraced quite a bit, since than and it is really testing my patience, however i still like to short it. IMHO it should turn soon, to give a confirmation of a legit break out. The descending pitchfork looks decent, i wouldn't trade of it as of now. A break of ascending slope line on 30-min chart has to happen first.
Entry ~ on break of slope line. Stop loss ~ 109.16 Target 1 ~ November low @ 107.886 Target 2 ~ October low and 61.8 retracement @ 106.4