Double top if not triple top is in the making in the 1hr timeframe (denoted by arrows 1, 2 and 3). However, the price action is still a very bullish at the current moment and I will only look to short when the bear candles forms in the next 2 to 3 candles. if the price DOES forms bearish candles over the next 2 hours, it should be obvious that price is unable to break 1.7333 to 1.7345 region.
We have a area of support denoted by the blue rectangle. Therefore be careful with the short at this area and be ready to take any profit on any bullish price action or trail your stop loss at this area. If price is able to break through this area of support, price should have no problem going down to end of the trench at 0.724 were the area of support will become area of resistance we can look for more short opportunities there.
In the long run, I am expecting price to reach 0.705.