mql5

Monthly price is on secondary correction within the primary bullish market condition: the price is breaking 12.4670 support level to below on open monthly bar for the correction to be continuing. Chinkou Span line of Ichimoku indicator is going to be testing the historical price to below for the possible breakdown. By the way, 50.0% Fibo level at 11.9441 is the bearish reversal level for the monthly price.