Signals on 4 Hrs time frame - Tenkan/Kijun weak sell signal ( cross), Chikou Span drops below price, Price is below Kijun and 100 , Price attempts to break below the Kumo (cloud). However is oversold and we still have this uptrend line there.
Strategy: Accumulate shorts on any spikes between 1,3860 - 1,3890. This is basically a Kijun and Kumo retest strategy. Size up short in case Price breaks below and the horizontal 1,3800 support.
that TL would be a start for accumulated USD strength imo. Until then, shorting from this level is more of a intraday trade, looking
for some target around 1,3780 area. There are some serious targets above 1,40 that may create another wave up before a deeper
drop. Not very clear right now.