mql5

H4 price is on ranging condition located inside Ichimoku cloud and below Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart. The price is located within the following key reversal support/resistance levels:

• 14.40 resistance level located above Ichimoku cloud in the beginning of the bullish area of the chart, and
• 14.18 support located on the border between the primary bearish and the primary bullish trend.

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

Resistance	Support
14.40	14.18
14.55	14.04

If H4 price will break 14.18 support level on close H4 bar so the primary bearish will be continuing.
If H4 price will break 14.40 resistance level so we may see the reversal to the primary bullish condition.
If not so the price will be ranging within the levels.

• Recommendation for long: watch close H4 price to break 14.40 for possible buy trade
• Recommendation to go short: watch H4 price to break 114.18 support level for possible sell trade
• Trading Summary: ranging

SUMMARY : bearish

TREND : ranging