0n the daily chart Tenkan-sen line is above Kijun-sen, the lines are horizontal .
Confirmative line Chikou Span is approaching the price chart from above, current cloud is ascending. The instrument is trading above Tenkan-sen and Kijun-sen lines the Bullish trend is still strong.
The closest support level is the upper border of the cloud (1.7380).
One of the previous maximums of Chikou Span line is expected to be a resistance level (1.7599).
0n the four-hour chart we can see a correction of the upward movement.
0n the daily chart the Bullish trend is still strong.
Short trades can be opened as soon as we get a confirmative signal from Chikou Span line ( the line should cross the price chart).
Presumable entry point is 1.7450,
Take Profit 1.7380
Stop Loss 1.7490.