Momentum is bearish forming lower high & lower lows, clear structure easy on the eye to see. if price can break and close below 0.90167 my bias is we will possibly create a new lower low in this bearish structure for this pair. lets see how this plays out.
I like the idea, perhaps for a more conservative approach you could go down to the H1 and wait for price to break 0.90171 level and get in on the retest of this level. But its best to trade whatever suits your trading style!