On the monthly timeframe we are in a downtrend and just closed last month with a lot of selling pressure.
On the daily timeframe we are forming Lower Highs and Lower Lows so we are short bias. We are currently retesting a level of resistance here so it’s the perfect area to short from
Down on the H4 timeframe is where we see structure the most clearly. We are in the perfect area to form a lower high point so a swing trade could be in order for this pair