theres a break in the upper level of this short term channel, price is currently looking to retest broken trendline resistance, if this holds as a new short to medium term term trendline support, will see a bullish move for a short to medium term.
Advice-ably this is not a pair to trade at the moment - THE RISK REWARD RATIO is not worth the investment.
INVALID SHORT unit, technical setup on weekly presents in the weeks to come -------- AT THE MOMENT it is more probable to go LONG on a firm retest of the broken resistance as explained above