H4 price broke Ichimoku cloud together with symmetric triangle
pattern to below for the breakdown with the bearish reversal: the price
is testing 1.3111 support level to below for the bearish breakdown to
be continuing with 1.3057 bearish target.
indicator is evaluating the intra-day bearish trend to be started, and
Chinkou Span line of Ichimoku indicator is estimating the breakdown to
If H4 price breaks 1.3280 resistance level on close bar from below to above so the bullish trend will be resumed.
If not so the price will be on ranging within the levels.
- Recommendation for long: watch close D1 price to break 1.3280 for possible buy trade
to go short: watch D1 price to break 1.3111 support level for possible sell trade
- Trading Summary: bearish
|Resistance ||Support |
SUMMARY : breakdown