That is bearish divergence. Price has been higher highs while the oscillator has not.
Take a look at the monthly chart as well.
While it's not complete, there could be a possible head and shoulders pattern forming. The pair is trading near its .618 Fib line but it looks to me it wants to go to .764 or 7100.
Not sure about going short though. It looks like the pair is taking a breather before resuming it upward march. It could chop down to 6800 though before bouncing but doesn't look like it'll be pretty.
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