mql5

H4 price is located near SMA with period 200 (200 SMA) waiting for the direction for the primary bearish or bullish trend to be started.

• If the price will break 1.4667 resistance level so we may see the bullish trend to be started on this timeframe.
• If price will break 1.4451 support so the bearish trend with the secondary ranging will be started.
• If not so the price will be ranging within the levels.

Resistance	Support
1.4667	1.4451
N/A	1.4227

• Recommendation to go short: watch the price to break 1.4451 support level for possible sell trade
• Recommendation to go long: watch the price to break 1.4667 resistance level for possible buy trade
• Trading Summary: ranging on reversal

SUMMARY : ranging

TREND : waiting for direction