About to undergo a pattern change. Still short.

XEMUSD is extending its losses on a long term bearish 1W Channel Down (RSI = 36.144, oversold on STOCHRSI, Williams, Ultimate Oscillator). However it may undergo a formation change to a 1D Falling Wedge (blue lines) if 0.1069 is crossed now. Still it is limited to a 0.12060 maximum, so we remain short with TP = 0.060.