mql5

Daily price is on bear market rally, and weekly price is on bearish ranging to be started this week. Some most likely scenarios for the price movement are the following:

• the price will continuing with the bearish trend, or
• price will go to the bullish reversal area to be reversed to the ranging bullish market condition.

D1 price is on primary bearish with the local uptrend as the bear market rally: price is trying to break 1.4648 resistance level to above for the rally to be continuing with 1.4939 target to re-enter for the possible bullish reversal.



If daily price will break 1.4148 support level so the primary bearish will be continuing.
If daily price will break 1.4648 resistance level so the local uptrend as the bear market rally will be continuing.
If daily price will break 1.4939 resistance level so the reversal of the price movement from the primary bearish to the primary bullish market condition will be started.
If not so the price will be ranging within the levels.

• Recommendation for long: watch close daily price to break 1.4648 for possible buy trade
• Recommendation to go short: watch daily price to break 1.4148 support level for possible sell trade
• Trading Summary: bearish breakdown

Resistance	Support
1.4648	1.4148
1.4939	1.4078

SUMMARY : bearish
TREND : market rally