Daily price was bounced from resistance level at 1560.66 to below for the secondary correction to the bearish reversal to be started. Chinkou span line of Ichimoku indicator is crossing the historical price to below for the good breakdown to be started, and Stochastic oscillator is showing the overbought level for the price.
Thus, finally, the price is testing 1496.68 support level to below for the primary daily bearish reversal.
- If the price breaks resistance level at 1560.66 to above on the daily close bar so the primary bullish trend will be resumed.
- If the price crosses 1496.68 support level to below so the daily bearish reversal will be started with 1461.35 as the possible target.
- Alternatively, the price will be on ranging to be near and inside Ichimoku cloud waiting for direction.
Trading Summary: possible daily bearish reversal
Profilo MQL5
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