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H4 price
is on primary bearish for trying to break 1.2466 support level for the bearish to be continuing.
- Chinkou Span line is located below the price
- Ichimoku cloud/kumo (Senkou Span A and Senkou Span B) is above the price - this is indicating the bearish market condition.
- The nearest support level for H4 price is 1.2466
Resistance | Support |
---|---|
1.2566 | 1.2466 |
1.2577 | N/A |
If
H4 price will break 1.2466 support level on close H4 bar so the primary bearish will be continuing.
If not so we may see the ranging market condition within primary bearish.
- Recommendation for short: watch H4 price to break 1.2466 support for possible sell trade
- Recommendation
to go long: N/A
- Trading Summary: bearish
SUMMARY : bearish