mql5

Daily price is located below SMA with period 100 (100 SMA) and below SMA with the period 200 (200 SMA): the price was bounced from 78.94 support level for the secondary bear market rally to be started.

• If the price will break 92.77 resistance level so the reversal of the price movement from the primary bearish to the primary bullisgh market condition will be started.
• If price will break 78.94 support so the bearish trend will be continuing.
• If not so the price will be ranging within the levels.

Resistance	Support
87.41	78.94
92.77	N/A

• Recommendation to go short: watch the price to break 78.94 support level for possible sell trade
• Recommendation to go long: watch the price to break 92.77 resistance level for possible buy trade
• Trading Summary: rally

SUMMARY : bear market rally