mql5

Daily price is on primary bearish market condition for testing key support level at 1.2514 to below for the bearish trend to be continuing. Chinkou Span line and Absolute Strength indicator are estimating the ranging condition, and Trend Strength indicator is evaluating the trend as the bearish in the near future.



If D1 price will break 1.2514 support level on close bar so the bearish trend will be continuing.
If D1 price will break 1.2857 resistance level on close bar from below to above so the local uptrend as the bear market rally will be started.
If not so the price will be on ranging within the levels.

• Recommendation for long: watch close D1 price to break 1.2857
  for possible buy trade
• Recommendation to go short: watch D1 price to break 1.2514 support level for possible sell trade
• Trading Summary: bearish

Resistance	Support
1.2857	1.2514
1.3295	N/A

SUMMARY : bearish

TREND : ranging