Daily (classic japanese candles):
The trend stays long term , but yesterday candle looks like a . As many times before, this can signal some profit taking and a pull back is possible to around Kijun Sen at 1,1600. Watch Slow signal. In case Price breaks below Kijun Sen, a deeper correction tgt could be 1,1475-1,1500
4 Hrs (Heiken Ashi candles):
, but Heiken Ashi candles turned red, and Chikou Span is about to hit Price candles. First support is 1,1700, real counter trend can take place really only below the Kumo and 100 .
DMI lines started to converge, turning down, the short term may lose momentum.
I do not say go massive short, as that is against the major trend, but it is probably time to take profit on longs.
If someone decides to go short based on his/her own model, the trade size should not be more than 0,5 trade unit, based on your risk and money management principals.
p.s.: Gold keeps bias. Is it a sign for a USD correction to come?