Hello traders have a potential short setup on this pair, we have price completing an ab=cd right at a structure level and bounced off it to a 38.2 retracement level where another structure is present forming a bearish flag. Target for the bearish flag shall be the 1.27 extension as well as the demand level below. There also seems to be some sort of a fib confluence around that level. One can either enter at the breakout of the flag or the retest of the structure above
cheers
cheers