mql5

Daily price is located between 100-day SMA (100 SMA) and 200-day SMA (200 SMA) for the ranging condition waiting for the firection. The price is on ranging within key reversal support/resistance levels for the primary bearish trend to be continuing or to the bullish reversal to be started.



If D1 price will break 4,208 support level on close bar so the bearish trend will be continuing.
If D1 price will break 4,578 resistance level on close bar so the reversal of the price movement from the ranging bearish to the primary 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 4,578 for possible buy trade
• Recommendation to go short: watch D1 price to break 4,208 support level for possible sell trade
• Trading Summary: ranging

Resistance	Support
4,578	4,208
5,008	4,064