The pair is consolidating in the 1 hr timeframe which means it is getting ready to take off, the daily price action is at the top of the current structure presenting us an opportunity to go short with an acceptable risk/reward ratio. If on high risk entry can be made now, otherwise wait for short confirmation using low timeframes in the upcoming US session. Consider setup invalid if price closes above current structure with reference to recent highs on 1 hr timeframe.
Comment:
Price approaching target zone.
