This is one of old pattern that i commonly use to help me trading. but how the way i enter is completely different and i adjust it according to my trading style.
This pair shows an opportunity to sell when the chart breaking to the downside.
show me that a lot of transaction, so i'm hoping this pair will breaking to the downside.
if the pair is breaking to the upside i will look for other opportunity again to enter the market.
Good Luck and Trade Wisely