Daily price broke Ichimoku cloud together with 'reversal'
Senkou Span line to below for the bearish reversal. The price is testing
45.15 support level on open daily bar for the bearish breakdown to be
continuing with 55-day low at 43.30 level as a nearest daily bearish
target to re-enter.
If D1 price breaks 48.19 resistance level on close bar from below to above so the reversal of the price movement to the primary bullish market condition will be started.
If D1 price breaks 51.21 resistance level on close bar from below to above so the price will be reversed to the primary bullish market condition with 52.82 nearest bullish target.
If not so the price will be on ranging bearish within the levels.
- Recommendation for long: watch close D1 price to break 51.21 for possible buy trade
to go short: watch D1 price to break 43.30 support level for possible sell trade
- Trading Summary: bearish
|Resistance ||Support |
SUMMARY : bearish breakdown