mql5

Daily price is on breaking Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart: the price is breaking this line at 0.7486 for the reversal of the price movement from the ranging bearish to the primary bullish market condition with 0.7643 as a nearest daily bullish target. Absolute Strength indicator is estimating the bullish trend to be started, and Chinkou Span line is indicating the possible bullish breakout in the near future.



If D1 price breaks 0.7486 resistance level on close bar so the bullish reversal will be started.
If D1 price breaks 0.7304 support level on close bar so the bearish trend will be resumed.
If not so the price will be on bearish ranging within Ichimoku cloud.