mql5

Daily price is located to be below Ichimoku cloud for the primary bearish market condition: price is ranging within the following key reversal support/resistance levels:

• 110.66 key support level located far below Ichimoku cloud in the primary bearish area, and
• 114.44 key resistance level located near Ichimoku cloud on the border between the primary bearish and the primary bullish trend.

Chinkou Span line is below the price indicating the ranging condition, Trend Strength indicator is estimating the secondary ranging as well, and Absolute Strange indicator is evaluating the primary bearish trend to be continuing in the future.

If D1 price will break 114.44 resistance level on close bar so the reversal of the price movement from the primary bearish to the primary bullish market condition will be started.
If D1 price will break 110.66 support level on close bar from above to below so the primary bearish trend will be continuing.
If not so the price will be on ranging within the levels.

• Recommendation for long: watch close D1 price to break 114.44 for possible buy trade
• Recommendation to go short: watch D1 price to break 110.66 support level for possible sell trade
• Trading Summary: ranging bearish

Resistance	Support
114.14	110.97
114.44	110.66

SUMMARY : ranging bearish

TREND : bearish