Daily: Price action reversed from long term Key support and at 1,0610. As price managed to get higher and higher, we had more confirmation signals: weak Tenkan/Kijun cross and Chikou cross. What's more, Price traded above the Kumo. But is it a Kumo breakout? Not yet! First of all, we have a strong Key resistance here at 1,0945, and Chikou Span hit the Kumo too. Slow is overbought and turning down, will likely give a swing sell signal. DI+ line crossing back below .
I think we'll see a correction down to Kijun Sen or Kumo top, so ard 1,0810-1,0830 levels, before Bulls can get in power again.
4 Hrs: Still , but Chikou Span is loosing its open space ahead, getting close to Price candles. Kijun catches up to Price and dropping, which means loosing its momentum quickly. Slow , with a bit of negative divergence to Price. We may see a local top building here ard 1,0915-1,0940, then possibly a correction lower to Key support 1,0830.
Partial TP is recommended here. Braves can try a counter trend short, but risk reward won't be better than 1:2, so do not allocate too much capital on a swing short trade.