We have a bearish shark, potentially a three drives pattern (look for a crab or butterfly pattern on it's last bull wave up) We have a bearish ABCD pattern. all completing at the same spot. I believe that this short opportunity might be at the top of a very big move, if you have the patience to hold the trade you could be looking at a 250+ trade, I think it's got enough weakness developing to hit 400 pips honestly. But we would have to break the bullish trendline I have drawn for that.
I'll be watching the 15 minute and maybe even smaller time frames for a short entry up near the channel resistance.
Once this reversal is truly confirmed I start shorting all the pullbacks.
You could very well snag 600 pips off this if you know how to enter positions and manage them right.