mql5

Daily price is on bearish market condition located below Ichimoku cloud and Senkou Span line which is the virtual border between the primary bearish and the primary bullish on Ichimoku chart. The price is on ranging within narrow s/r levels waiting for direction.

If the price will break 78.16 support level so the primary bearish trend will be continuing.
If the price will break 80.64 resistance level so the local uptrend as the secondary rally within the primary bearish condition will be started.
If not so the price will be ranging within the levels.

Resistance	Support
80.64	78.16
86.37	N/A

• Recommendation for long: watch close price to break 80.64 for possible buy trade
• Recommendation to go short: watch price to break 78.16 support level for possible sell trade
• Trading Summary: ranging

SUMMARY : bearish

TREND : ranging