mql5

M5 price is located near and above SMA with period 100 (100-SMA) and SMA with the period 200 (200-SMA) for the ranging within the following key reversdal support/resistance levels:

• 1.0958 resistance level located above 100-SMA/200-SMA in the primary bullish area of the chart, and
• 1.0923 support level located below 100-SMA/200-SMA in the primary bearish area.

RSI indicator is estimating the ranging continion to be continuing.

• If the price will break 1.0958 resistance level so the bullish trend will be continuing.
• we may see the bullish trend to be started on this timeframe.
• If price will break 1.0923 support so we may see the reversal of the intra-day price movement from the primary bullish to the primary bearish market condition.
• If not so the price will be ranging within the levels.

Resistance	Support
1.0958	1.0931
N/A	1.0923

• Recommendation to go short: watch close M5 price to break 1.0923 support level for possible sell trade
• Recommendation to go long: watch close M5 price to break 1.0958 resistance level for possible buy trade
• Trading Summary: ranging on reversal

SUMMARY : ranging
TREND : waiting to break the levels