mql5

H4 price is on primary bearish market condition located below 100 SMA/200 SMA reversal area: the price is testing 1.3877 support level for the bearish trend to be continuing.

• If the price will break 1.4078 resistance level so the local uptrend as the bear market rally will be started.
• If the price will break 1.4396 resistance level so we may see the reversal of intra-day price movement from the primary bearish to the primary bullish market condition.
• If price will break 1.3877 support so the bearish trend will be continuing.
• If not so the price will be ranging within the levels.

Resistance	Support
1.4078	1.3877
1.4396	N/A

• Recommendation to go short: watch the price to break 1.3877 support level for possible sell trade
• Recommendation to go long: watch the price to break 1.4396 resistance level for possible buy trade
• Trading Summary: bearish