There’s good reason to be bearish on this pair, period. Just look at the current downtrend on the weekly chart. And you can’t ignore important SR levels either which could turn the whole thing around:
IMO, It’s important to look at the full picture, not just SD zones, simply because in a long-term uptrend Demand zones can sit idol for months, even years. Same goes for Supply zones in a long-term downtrend.
I don’t trade SD zone exclusively, I just use them as part of the bigger picture. Some of these guys who trade them exclusively can be complete Nazi’s when it comes to the rules, but for me I just take what makes sense and move on. So, trading SD on Daily charts is probably the best way to go since that gives you a better look at the bigger picture.