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EURCAD Technical Analysis 2016, July: ranging within Ichimoku cloud for direction

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by , 07-06-2016 at 10:33 AM (958 Views)
      
   
Weekly price is on ranging condition located inside Ichimoku cloud within key narrow support/resistance levels waiting for the direction of the trend to be started.

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If W1 price breaks 1.4823 resistance level on close bar so the bullish reversal will be started.
If W1 price breaks 1.4180 support level on close bar so the bearish trend will be resumed.
If not so the price will be on bearish ranging within the levels.

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