We are currently oversold sitting on the lower trend - an immediate breakout here will invalidate our best shorting hopes. However if a pullback follows the breakout we can still get in providing your strategy allows it.
Green - Best shorting setup as it allows us to get in short at the upper, descending trend allowing us to place tighter stop for a better risk reward as well as allowing us to catch the most amount of pips.
Yellow - Watch for a flag, then short.
For now, I am long on this pair As I don't believe a breakout is possible yet, however if a flag forms I will change my mind and look to get short.