Potential Bearish Continuation

On the H4, with price moving in a descending trendline on the RSI and price recently breaking the ascending trend channel, we have a bearish bias that price will drop from the entry at 124.96 at the pullback resistance in line with the 23.6% fibonacci retracement to the take profit at 122.39 at the pullback support in line with the 61.8% fibonacci retracement. Alternatively, price may reverse off the entry and rise to the stop loss at 126.57 at the overlap resistance in line with the 78.6% fibonacci retracement.