Daily price broke the upper border of Ichimoku cloud to below for the secondary ranging market condition. Chinkou Span line of Ichimoku indicator crossed the historycal price to below as well for the good daily breakdown to be started. Stochastic oscillator is showing the bearish condition to be continuing for example.
- If the price breaks support level at 92.862 to below so the primary bearish reversal will be started.
- If the price crosses the resistance level at 96.182 to above so the primary bullish trend will be resumed.
- Alternatively, the price will be on secondary ranging to be near and inside Ichimoku cloud waiting for direction.
Recommendation: Waiting for Direction.
Profilo MQL5
Nuovo commento
Wait for confirmation. Avoid entering new positions until price breaks either 92.862 (bearish) or 96.182 (bullish).
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