Daily price is on ranging market condition located above Ichimoku cloud in the bullish area of the chart within the following support/resistance levels:
- 1.1326 resistance level located above Ichimoku cloud in the bullish area, and
- 1.1122 support level located inside Ichimoku cloud to be near and above Senkou Span line in the beginning of the bearish trend to be started.
Strength indicator is estimating the bullish trend to be resumed, and
Trend Strength indicator is evaluating the future possible trend as a
If D1 price breaks 1.1326 resistance level on close bar from below to above so the bullish trend will be resumed with 1.1366 nearest bullish target to re-enter.
If not so the price will be on bullish ranging within the levels.
- Recommendation for long: watch close D1 price to break 1.1326 for possible buy trade
to go short: watch D1 price to break 1.1122 support level for possible sell trade
- Trading Summary: ranging
|Resistance ||Support |
SUMMARY : bullishTREND : ranging