The pair is at a liquidity area and has showed signs of stalling. We had an initial push away and a return possibly to gather last orders as it is Wednesday and we have not yet seen a proper move away from the liquidity area. We are also able to enter with a very small stoploss.
Price has reached an important level where liquidity is likely to be. Confirmation of liquidity and thus the setup is only once we see a strong bearish push away from the high breaking the trendline. Entry would only be once we see a pullback.