Context:

Price rallied to a HIGH near 4,120, tagging the Liquidity + OB zone (4,099–4,112) near 0.786, then broke structure downward (marked CHoCH), confirming a shift to bearish momentum on this leg.
Price has since pulled back into the FIBO zone (4,070–4,082, between 0.5–0.618), currently trading around 4,068, right inside this retracement area.

Scenario drawn on chart:

Minor bounce/chop within the FIBO zone (4,060–4,082), possibly tagging 0.618 (~4,082) once more.
Rejection from there, resuming the decline — breaking below 4,041 and 4,024 (recent minor supports).
Continuation down to the -0.272 extension (~3,994), aligning with the Liquidity D1 zone (3,970–3,994) — a daily-timeframe liquidity pool below the current LOW (3,994.717).

Key structure:

The CHoCH is the key bearish confirmation — internal structure broke down after the 4,120 high.
The FIBO zone (4,070–4,082) is the current battleground; a clean break and close below it (through 4,041) would strengthen the bearish continuation case toward the Liquidity D1 zone.
The Liquidity + OB zone above (4,099–4,112) remains the invalidation area — a strong reclaim back above it would undermine this bearish read.

Read:
This is a standard CHoCH-continuation setup — price is retracing into the FIBO zone after the structural break, and the expected path is a rejection here followed by a move down to sweep the Liquidity D1 pool at 3,970–3,994, a fairly significant daily-level target. Bias stays bearish while price holds below the 4,099–4,112 supply zone.

Risk note: technical read only, not financial advice — 3,970–3,994 is a daily liquidity target, so this may take longer to play out than the H2 chart suggests; confirm the FIBO rejection with lower-timeframe structure (CHoCH/BOS) before entering short, since price could also reclaim the zone and invalidate the bearish continuation.