mql5

H4 price is on the primary bearish market condition located below Ichimoku cloud: the price is ranging within the following key reversal support/resistance levels:

• 1.4325 resistance located inside Ichimoku cloud on the border between the primary bearish and the primary bullish on intra-day chart, and
• 1.3947 support located far below Ichimoku cloud in the bearish area.

Absolute Strength indicator is estimating the ranging condition, and Trend Strength indicator is forecasting for the bearish trend to be continuing.

Resistance	Support
1.4325	1.3947
1.4689	N/A

If H4 price will break 1.3947 support level on close H4 bar so the bearish trend will be continuing.
If H4 price will break 1.4325 resistance level so the bullish reversal will be started with the secondary ranging condition.
If not so the price will be ranging within the levels.

• Recommendation for long: watch close H4 price to break 1.4325 for possible buy trade
• Recommendation to go short: watch H4 price to break 1.3947 support level for possible sell trade
• Trading Summary: ranging

SUMMARY : bearish

TREND : ranging