1. Price has already breached its main resistance
at the current price.
2. Price has exhausted its strength to the upside
in the form of double top
(bearish pattern)
3. Waiting for the pair to established support on
our buy side liquidity
and wait for a bullish correction for another long
entry.
4. if the price past through our buyside liquidity,
long position is invalidated.
Note: I'd be careful in placing a buy position now as the RSI also shows divergence which is not good for the bulls.
wait for the price to test the buyside liquidity before taking any position.