as we can see here on the daily timeframe
this pair has been trending in a downwards structure for a while, and now we can see a big triangle has formed with a head and shoulders
at the top. now we can see that it has approached back down to a strong resistance level
and has tested it. because of the nature of this type of pattern, with reassurance from a low RSI
, we should be hopefully looking for a bounce move in market momentum to the upside direction towards the black trend line
. only if we get more candle structure confirmation, otherwise we should wait to see if there could be a potential breakout to the downside.