mql5

Daily price broke Ichimoku cloud for the reversal from the primary bearish to the primary bullish market condition: price was stopped near the upper border of the cloud - Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the daily chart. Absolute Strength indicator is estimating the ranging market condition, and Trend Strength indicator is evaluating the trend as the bullish condition to be in near future for example.

If D1 price will break 1058.13 support level on close bar so the price will be reversed from the ranging bearish to the primary bearish with the fully bearish trend following situation.
If D1 price will break 1127.94 resistance level on close bar so the reversal of the price movement from the ranging bearish to the primary bullish market condition will be started.
If not so the price will be on ranging within the levels.

• Recommendation for long: watch close D1 price to break 1127.94 for possible buy trade
• Recommendation to go short: watch D1 price to break 1058.13 support level for possible sell trade
• Trading Summary: correction to bearish reversal

Resistance	Support
1127.94	1058.13
N/A	1046.23

SUMMARY : branging on the border

TREND : waiting for direction