It has respected an ascending that I drew twice. I'm expecting it to return to this once again. Wether it will break or bounce from this time will tell.
However, for now I can see some potential shorting opportunites.
Here is a break down of confluences that I can see:
1. Ascending (bounce or break). = 1
2. Descening respected by multiple pin bars. = 2
3. MA's respected by previous , waiting for daily close for extra confirmation. = 3
4. Fib level aligned nicely. The 38.2% will most likely be hit so initial TP's will be there. But I'll monitor the progress of this pair next week.