Daily price is on secondary correction within the primary
bullish market condition: the price is started with the breakdown on
open daily bar for now with 1.1140 support level to be tested to below
for the bearish reversal to be started.
Strength indicator is estimating the bearish trend to be started on the future, and
Trend Strength indicator is evaluating the future possible trend as a
secondary correction to be continuing.
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 1.1140 support level for possible sell trade
- Trading Summary: correction
|Resistance ||Support |
SUMMARY : bullish
TREND : correction