W1 price is continuing with bullish breakout for trying to break 3.9864 resistance level from below to above for the breakout to be continuing. The price broke symmetric triangle pattern from below to above for the bullish breakout, and Absolute Strength indicatior is estimating the bullish trend to be continuing in the future for example.
If the price will break 3.6771 support
level so the reversal from the primary bullish to the primary bearish
market condition will be started with the secondary ranging: the price
will be located inside Ichimoku cloud.
If the price will break 3.5243 support
level so the price will be fully reversed to the bearish condition without secondary ranging.
If the price will break 3.9864 resistance level from below to above so the primary bullish breakout will be continuing.
If not so the price will be ranging between the levels.
- Recommendation for long: watch close W1 price to break 3.9864 for possible buy trade
- Recommendation
to go short: watch W1 price to break 3.6771 support level for possible sell trade
- Trading Summary: bullish breakout
| Resistance | Support |
|---|---|
| 3.9864 | 3.6771 |
| N/A | 3.5243 |
Trend:
