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The overall picture:
Now we see a reversal from upward trend to downward movement. Purchase signal was canceled and sale signal with the target level of 1.5876 formed instead. Therefore, it is recommended to consider sales with the first target at 1.5876. Because the price fixated below the major support level, it is reasonable to expect the downward trend continuation. Ishimoku indicator is sliding down and is not narrowing that also signals about the downward movement. Chinkou Span is below the price line that testifies about the descending movement and strengthens the current sale signal. Bollinger Bands are down-directed and widening that witnesses about the downward trend. MACD is also showing the descending movement. At the day timeframe, sale signal is going to form that will strengthen the current signal.
Trading recommendations:
For now, it is recommended to bear with the first target at 1.5876. In case of the price strengthening below this level, the next target will be 1.5720 (the third support). Stop loss is recommended to set above 1.6055 (Tenkan-sen).
The picture clarification:
Ishimoku indicator:
Tenkan-sen — red line
Kijun-sen — blue line
Senkou Span A — light brown stipple line
Senkou Span B — light purple stipple line
Chinkou Span — green line
Bollinger Bands indicator:
3 yellow lines
MACD indicator:
The red line and the histogram with the white bars in the indicators window.