Price has reached the sliding parallel of a downsloping median line, above the upper parallel where previously found good resistance dropping to the down. Now testing the same parallel we may see that we have a massive rejection a very good signal that sellers are making the presence once again. If you trade candlestick formations you already have a nice bearish pinbar to go with. Otherwise just wait for a sell setup completion and aim for the sliding parallel acting as support, as shown in the chart
Comment
⋅
NIce bearish flag forming. Selling the breakout is a nice idea
Comment
⋅
In case you sold the breakout ( you are now in good profit ) moving your sl at BE is a nice idea
A good short could present itself if price breaks below and retests the range on the 4H chart. I was also keeping an eye on this bearish setup. Nice catch, @Fxprotrader