mql5

H4 price is on ranging condition located inside Ichimoku cloud within the key reversal bullish/bearish support/resistance levels:

• Chinkou Span line is below the price indicating the ranging trend to be continuing,
• Absolute Strength indicator is estimating the ranging bearish market condition.

Resistance	Support
1.1059	1.0802
N/A	1.0516

If price will break 1.1059 resistance level so the price will be started to be reversed to the bullish market condition.
If the price will break 1.0802 support level so the primary bearish trend will be continuing without the secondary ranging: the price will be located below Ichimoku cloud.
If not so the price will be ranging between the levels.

• Recommendation for long: watch close price to break 1.1059 for possible buy trade
• Recommendation to go short: watch W1 price to break 1.0802 support level for possible sell trade
• Trading Summary: ranging bearish