Bearish Penant

Hey ,a strong bearish pennant has formed on this pair. This is a strong continuation pattern and if confirmed it will break the lower line and continue with the overall downtrend. It is a must that the lower break confirms (retraces and tests the break area) and is ideally followed ideally by a bearish momentum candle ,like an engulfing. Just remember that these patterns can easily break bullish and change the trend, it is nothing without the retest. If it does confirm the macd will also cross bearish and you'll see momentum follow this consolidation.