I am not a frequent user of patterns, but this does look like a perfect bearish flag. Unlike the previous down moves within this channel, this one looks more impulsive for the most part. I think, this time price will break through and continue the prior bearish move. For final target we should be looking at 0.83 area while at 0.86 a review and reconsideration would be appropriate.
If you like my analysis, please give it a "thumbs up" and follow me to get immediate notification of my posts and updates. As always, please use sound money and risk management in all your trades.