mql5

Daily price is on local uptrend as the secondary market rally: the price is testing Ichimoku cloud levels for the possible reversal to the ranging bullish market condition.

Chinkou Span line is crossing the price to above on open daily bar for the possible bullish reversal by breakout, and Absolute Strange indicator is evaluating the bullish trend to be started in the near future.

If D1 price will break 154.70 support level on close bar so the bearish trend will be continuing.
If D1 price will break 164.09 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 D1 price will break 166.55 resistance level on close bar so the bullish breakout will be started.
If not so the price will be on ranging within the levels.

• Recommendation for long: watch close D1 price to break 166.55 for possible buy trade
• Recommendation to go short: watch D1 price to break 154.70 support level for possible sell trade
• Trading Summary: bearish rally to the bullish reversal

Resistance	Support
164.09	154.70
166.55	152.50

SUMMARY : rally

TREND : breakout with possible bullish reversal