Let's look at the four-hour chart. Tenkan-sen line has crossed Kijun-sen from below, the lines are horizontal . Confirmative line Chikou Span is approaching the price chart from below, current cloud is descending. The instrument has been corrected to the Tenkan-sen line. The closest support level is Kijun-sen line (1.6105). One of the previous maximums of Chikou Span line is expected to be a resistance level (1.6357).

On the daily chart Tenkan-sen line is below Kijun-sen, the lines are horizontal . Confirmative line Chikou Span is crossing the price chart from below, current cloud has reversed from ascending to descending. The instrument has been corrected to the Tenkan-sen line. One of the previous minimums of Chikou Span line is expected to be a support level (1.6016). The closest resistance level is Kijun-sen line (1.6283).

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 downward movement. It is recommended to open short positions at current price with Take Profit at the level of previous minimum of Chikou Span line (1.5871) and Stop Loss at the level of Kijun-sen line (1.6283).