M5 price
is located below and near SMA with period 100 (100-SMA) and SMA with the period
200 (200-SMA) for trying to be reversed to the bearish market condition by breaking 1.1233 support level from above to below.
- If the price will break 1.1272 resistance level so we may see the bullish trend to be started on this timeframe: the price will break 100-SMA and 200-SMA from below to above to come to the bullish area of the chart.
- if price will break 1.1233 support so the bearish trend will be continuing in good breakdown way.
- if not so the price will be ranging within the levels.
Resistance | Support |
---|---|
1.1272 | 1.1233 |
N/A | N/A |
- Recommendation to go short: watch the price to break 1.1233 support level for possible sell trade
- Recommendation to go long: watch the price to break 1.1272 resistance level for possible buy trade
- Trading Summary: ranging
SUMMARY : ranging