mql5

Daily price is located below Ichimoku cloud for the bearish market condition: the price is on ranging within 124.16 resistance level and 121.47 support level waiting for the bearish trend to be continuing or to the bullish reversal to be started.

If D1 price will break 121.47 support level on close bar so the primary bearish trend will be continuing.
If D1 price will break 124.16 resistance level so the bullish reversal will be started.
If not so the price will be on ranging within the levels.

• Recommendation for long: watch close D1 price to break 124.16 for possible buy trade
• Recommendation to go short: watch D1 price to break 121.47 support level for possible sell trade
• Trading Summary: ranging bearish

Resistance	Support
124.16	121.47
126.46	N/A

SUMMARY : ranging

TREND : bearish