Daily price broke 200 SMA for the primary bearish reversal. The price is trying to cross the support level at 1.3192 for the bearish trend to be continuing.
- If the price breaks resistance level at 1.3461 together with 200 SMA to above so the primary bullish reversal will be started with 1.3658 possible target to re-enter.
- If the price crosses the support level at 1.3192 and support level at 1.3158 as well to below so the bearish trend will be continuing with 1.3009 possible global target.
- Alternatively, the price will be on secondary ranging within the primary bearish trend waiting for the direction of the bullish reversal to be started or the strong bearish trend to be continuing.
Trading Summary: bearish breakdown; ready for the bear market rally to be started.
Profilo MQL5
Nuovo commento
The price is ranging to be near and around support level at 1.3192 waiting for the bear market rally to be started or for the strong bearish trend to be continuing with support level at 1.3158 to be broken.