Let's look at the four-hour chart. Tenkan-sen line is crossing Kijun-sen from above, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is approaching the price chart from below, current cloud has reversed from ascending to descending. The instrument has entered the cloud. One of the previous minimums of Chikou Span line is expected to be a support level (0.5700). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.5850).

On the daily chart Tenkan-sen line has crossed Kijun-sen from below, the red line is directed upwards, while the blue one remains horizontal. Confirmative line Chikou Span is below the price chart, current cloud is ascending. The instrument has entered the cloud. One of the previous minimums of Chikou Span line is expected to be a support level (0.5682). One of the previous maximums of Chikou Span line is expected to be a resistance level (0.5348).

On the four-hour chart we can see the beginning of the trend reversal. On the daily chart we can see a correction of the upward movement. It is not recommended to open positions at current price. Pending orders should be placed at the cloud’s borders: sell at the level of 0.5741, with Take Profit at 0.5653 and Stop Loss at 0.5775; buy at the level of 0.5775, with Take Profit at 0.5838 and Stop Loss at 0.5741.