W1 price is below Ichimoku cloud for the primary bearish with
secondary ranging between 0.6911 support
level and 0.7381 resistance level. The price is trying to break 0.7067
support level from above to below for the bearish breakdown to be
continuing.
If the price will break 0.6911 support
level so the bearish trend will be continuing in good breakdown way..
If the price will break 0.7381 resistance level from below to above so the secondary bear market rally will be started.
If not so the price will be ranging between the levels.
- Recommendation for long: watch close W1 price to break 0.7381 for possible buy trade
- Recommendation
to go short: watch W1 price to break 0.6911 support level for possible sell trade
- Trading Summary: ranging
| Resistance | Support |
|---|---|
| 0.7192 | 0.7067 |
| 0.7269 | 0.6911 |
| 0.7381 | N/A |
Trend:
