You can see a descending Wedge (with one bearish Fake out). Consider the distance between the Trendlines: It is getting tighter and tighter. Because the market has fallen very much and reached now an Area of neutrality, we expect a consilidation now.
Let's move on to the next Timeframe:
The price is now at the lower Trendline. It is bouncing back from upwards it to reach the other side. Because the market is in a Downtrend, we don't recommend to trade the Upmovement towards the upper Trendline. We will trade the bearish Bounce from the Trendline.
Let's move to the Entry Timeframe:
Here we see an orange box. We call it the "Area of Concentration". We're here waiting for a Trend Reversal Pattern. This could be the Engulfing Pattern, a Doji-Pattern, etc. We recommend to trade the pair patiently, because it is a Longterm-Analysis.