mql5

H4 price is located near SMA with period 100 (100-SMA) and SMA with the period 200 (200-SMA) waiting for the direction for the possible breakout or breakdown.

• If the price will break 158.55 resistance level so we may see the bullish trend to be started on this timeframe.
• If price will break 153.37 support so the ranging bearish trend will be turned to the primary bearish with possible breakdown.
• If not so the price will be ranging within the levels.

Resistance	Support
153.37	158.55
162.80	151.63

• Recommendation to go short: watch the price to break 153.37 support level for possible sell trade
• Recommendation to go long: watch the price to break 158.55 resistance level for possible buy trade
• Trading Summary: ranging

SUMMARY : ranging

TREND : waiting for direction