mql5

Daily price is located near and below Ichimoku cloud and Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart. The price is breaking 110.38 resistance level for the reversal to the ranging bullish market condition with 111.88 target to re-enter. Ascending triangle pattern was formed by the price to be crossed for the bullish reversal, and Trend Strength indicator is estimating the uptrend to be continuing in the near future.



If D1 price will break 108.22 support level on close bar so the bearish trend will be continuing.
If D1 price will break 110.38 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: tghe price will be located inside Ichimoku cloud.
If D1 price will break 111.88 resistance level on close bar so the price will be fully reversed to the bullish market condition located to be above Ichimoku cloud in the bullish area of the chart.
If not so the price will be on ranging within the levels.

• Recommendation for long: watch close D1 price to break 111.88 for possible buy trade
• Recommendation to go short: watch D1 price to break 108.22 support level for possible sell trade
• Trading Summary: rally to reversal

Resistance	Support
110.38	108.22
111.88	1.0520

SUMMARY : ranging