2
323
Daily price
is located above Ichimoku cloud and Senkou Span line which is the
virtual border between the primary bearish and the primary bullish trend
on the chart. The price is testing 6.7166 resistance level to above for
the bullish trend to be continuing with 6.7705 bullish daily target to
re-enter.
- If the price breaks 6.7166 resistance level on close daily bar so the primary bullish trend will be continuing with 6.7705 nearest bullish target.
- If the daily price breaks 6.6242 support on close bar to below so the local downtrend as the secondary correction within the primary bullish trend will be started.
- If price breaks 6.5775
support so we may see the reversal of the price movement to the primary bearish market condition.
- If not so the price will be ranging within the levels.
| Resistance | Support |
|---|---|
| 6.7166 | 6.6242 |
| 6.7705 | 6.5775 |
- Recommendation to go short: watch the price to break 6.6242 support level for possible sell trade
- Recommendation to go long: watch the price to break 6.7166 resistance level for possible buy trade
- Trading Summary: bullish
SUMMARY : bullish
