Reversal or retracement? I can't tell. It is still not obvious. The only thing that can confirm to me the change of the trend direction is breaking the last support level. If that happens, we can ride a very big down move. In the long term, I expect this scenario. The another one is a little push up till the recent resistance level. In the big picture, notice the falling wedges that the price has been moving in.
Approve your Idea if the price Broke 146.96 and Closed under this price 2 Candles (4H) it well be Going Dwon to 1.44 - 1.39 & if the price Bullish and Runway offer 152.600 Going to 156.600 maybe Back down Faster
Thanks