Looking at the fibs for the 1HR TF. The pair experienced consolidation after a big push. Looking for short term trade of the counter trend just short of 38.6% on the fibs . After that will look for a new long term trade for a buy to rid the uptrend.
After the break of the descending triangle, price retest the trend line and continued to the downside. Right now price is retracing (hopefully to a PRZ) and I will wait for the bearish engulfing as confirmation for the move.
