mql5

Daily price is on secondary correction within the primary bullish market condition: price was bounced from 1.4611 resistance level to below with 1.3816 possible target for the reversal of the price movement to the primary bearish market condition.

If D1 price will break 1.3816 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 1.4611 resistance level on close bar so the bullish trend will be continuing without ranging.
If not so the price will be on ranging within the levels.

• Recommendation for long: watch close D1 price to break 1.4611 for possible buy trade
• Recommendation to go short: watch D1 price to break 1.3816 support level for possible sell trade
• Trading Summary: correction

Resistance	Support
1.4611	1.3816
N/A	N/A

SUMMARY : correction

TREND : bullish