Here on GBPJPY, from the higher time frame, price is currenting developing the right shoulder of the H & S pattern.
We can then see on the lower time frame, price is in a larger expanding structure, correcting the price with a few swing highs and lows.
A lower time frame ascending channel pushing up the price, and a sharp reversal impulse down. Good indication of the bearish price action in the making.
Latest price also formed a LTF bearish continuation correction, so be on the look out for further downside if price formed more smaller correction along the way to the previous lows.
@lfhaa2016, possible but not necessary, it all depends on if the current structure is enough of a correction to continue. But the move and the bias is certainly downside