EURO sell setup triggered

After the Brexit induced selling frenzy, this pair has pretty much gone sideways, hinting that the down move is not over. Euro broke out of the corrective pattern and appeared to have completed a consolidation phase as seen by the deep pull back into a key area. This break out could signal the start of another significant decline. Now nothing here indicates that we will not be still in a much more complex correction. I took the sell after the pipe top pattern completion and will be in no hurry to take profits as this is a planned longer term trade.