At the moment, the pair has a downward trend, since each subsequent vertex was lower than the previous one. Also we approximately see where the level of support and the formation of a triangle are possible. If the price leaves the triangle, it will be equal to the height of the triangle and is expected to be downward.
Therefore, we advise you to look for points to enter short positions after the pair overcomes the borders of the triangle.
Otherwise, if the price leaves the upper boundary, the movement will be in a distance equal to the height of the triangle.
Therefore, we advise you to look for points to enter short positions after the pair overcomes the borders of the triangle.
Otherwise, if the price leaves the upper boundary, the movement will be in a distance equal to the height of the triangle.