![](https://s3.tradingview.com/j/Jirt3e1z_mid.png)
We are seeing a corrective channel on this pair currently, with ascending price acting quite correctively
I can personally see a small move up before an overall bearish impulse to bottom of channel starting point
Confluence for this setup are as follows:
- ascending channel in the form of a correction
- pattern separation within the larger timeframe structure, hinting at a bearish move to come