In the long term you can see how the bullish trend is already over, while in the 4 hours we have a double top in red, as well as a strong support in the 116 level that has been rejected several times since 2015. Also just notice the purple channel has been borken. This trade is a bear below 115.900 trying to return the long term 61.8 Fibo level. TP1 112 TP2 108