mql5

Daily price is breaking Senkou Span line (which is the virtual border between the primary bearish and the primary bullish trend on the chart) tobelow together with 1.1128 support level for the bearish reversal. The price formed descending triangle pattern to be crossed to below for the downtrend to be continuing, and Chinkou Span line is indicating the possible breakdown to be started in the near future.

If D1 price will break 1.1128 support level on close bar so the reversal of the price movement from the primary bullish to the primary bearish market condition will be started.
If D1 price will break 1.1348 resistance level on close bar from below to above so the bullish trend will be resumed.
If not so the price will be on ranging within the levels.

• Recommendation for long: watch close D1 price to break 1.1348 for possible buy trade
• Recommendation to go short: watch D1 price to break 1.1128 support level for possible sell trade
• Trading Summary: daily bearish reversal

Resistance	Support
1.1348	1.1128
1.1615	N/A

SUMMARY : possible bearish reversal

TREND : breakdown