Bearish Flag confirmation.

On H4: the market is showing price rejection. So therefore when we move down to our lower timeframe, we can see pattern formation. In this case we have our first bear flag which gives us a high probability of the downward trend. We also see that this is a low risk trade, because we’ll be taking the sells when it breakers below our correction/ranging structure with our SL just 30 pips above our correction. TP will be 90% of the previous leg up. The market needs to balance that out. We looking at 1:5RR