MN1 price is located below Ichimoku cloud by moding along the lower border of Ichimoku channel - for the bearish trend to be continuing or for the primary bullish reversal to be started in the secondary ranging way. And chinkou Span line is almost ready to break the historical price to below for possible breakdown in the future for example. If the price breaks support level at 17.868 to below on monthly close bar so the primary bearish trend to be resumed with the good possible breakdown on lower timeframes; alternatively, the price will be on secondary ranging for direction waiting for the high impacted news events.
Chinkou Span line is on breaking the price to below (for the good possible breakdown) together with the support level at 17.868 to be broken to below on monthly open bar for now. Recommendation: wait for the MN bar to be closed for possible bearish breakdown validation.
MQL5 profili
Yeni yorum
The price is located to be near and around the level at 17.868 and Chinkou Span line is still going to be crossed the historical price to below.
Trading Summary: wait for the bearish breakdown validation.
Chinkou Span line is on breaking the price to below (for the good possible breakdown) together with the support level at 17.868 to be broken to below on monthly open bar for now.
Recommendation: wait for the MN bar to be closed for possible bearish breakdown validation.