i'll briefly explain why i'm shorting this pair. The black line that you see represents a 4hr structure level; the yellow box represents the reversal zone based off of the . As the price reached this two level it started to slowing down. In addition, it gave us some signals that maybe wants to go lower: the first indecision sign is provided by the that you see highlighted with the red arrow, and it's also been followed by a red candle that closed below the previous opening. Also, the level lines up pretty well with the of the impulsive move down.
divergence tells us that the upward momentum is running out of fuel.
Stops above the highs, target1 at the of the previous move, target2 at the 618.
If you want to share your idea about this or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!