Price is currently consolidating after a strong move down. Price has created a tiny symmetrical triangle. Which is called a pennant, Expecting for price to continue to the down side taking the pair further down in the same direction.
What goes up must come down. Price is currently consolidating after a successful bullish day, seems like its showing signs of exhausted. Time for price to move down. Expecting for price to break thru the bottom trend line, and anticipate to 50 %zone of the Fib level.
Price has created a H & S shoulder formation in the past and the price has been climbing up. Expecting for it to continue to the upside because it has just retested the neck line of the previous formation which validate that the pattern is active.