mql5

H4 price is on bullish market condition located above Ichimoku cloud for the ranging within the following key reversal support/resistance levels

• 119.06 resistance located far above Ichimoku cloud in the primary bullish area of the chart, and
• 118.06 support located near and above Ichimoku cloud on the border between the primary bearish and the primary bullish area.

Absolute Strength indicator is estimating the bullish trend to be continuing.

Resistance	Support
119.06	118.40
N/A	118.06

If H4 price will break 118.06 support level on close H4 bar so the reversal of the price movement from the primary bullish to the primary bearish trend will be started.
If H4 price will break 119.06 resistance level so the bullish trend will be continuing.
If not so the price will be ranging within the levels.

• Recommendation for long: watch close H4 price to break 119.06 for possible buy trade
• Recommendation to go short: watch H4 price to break 118.06 support level for possible sell trade
• Trading Summary: bullish

SUMMARY : bullish