On the 4h chart, we see that pair is still trading in a corrective pattern - running triangle. It has already completed red waves (a), (b), (c), and (d). That said we are now waiting for wave (e) to unfold. After wave (e) is completed we may see a reversal to higher levels in blue wave c-circled. www.ew-forecast.com
3 months earlier in January 2015 this stock market price was normal, just comeback from bubble mode, nothing else 70% is owned by foreigners, hedgefonds, ETF This conditions we had in 1998 and you can see the result. QE of EZB is working and ETFs and Fonds did collect tones of money in March. They are the temporary buttom fishers and well get more spezial offers...
An easy method that I'm using to anticipate whale behaviour. Identify stop hunts, messure how much the whales drove price up/down to run the stops, and then project the same distance x2 to x3 in the opposite direction to have an idea around what levels whales would like to take profit.