mql5

Daily price is on primary bearish market condition with the secondary rally which was started in the end of the February this year. Chinkou Span line is very near to be crossed with the price from below to above for the possible breakout, and Absolute Strange indicator is evaluating the price movement as the secondary secondary rally with the possible bullish reversal in the near future.

If D1 price will break 1.3835 support level on close bar so the bearish trend will be continuing.
If D1 price will break 1.4695 resistance level on close bar from below to above so the reversal of the price movement from the primary bearish to the ranging bullish 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 1.4695 for possible buy trade
• Recommendation to go short: watch D1 price to break 1.3835 support level for possible sell trade
• Trading Summary: bearish rally to the bullish reversal

Resistance	Support
1.4667	1.3835
1.4695	N/A

SUMMARY : bear market rally

TREND : bearish