Chinkou Span line broke historical price to above on close weekly bar for the good bullish breakout. The price crosses Ichimoku cloud to be located in the bullish area of the chart. If the price breaks resistance at 0.6120 so the primary bullish trend will be continuing; if the price crosses 0.5927 support level to below for 0.5710 as the possible target to re-enter so the primary bearish reversal will be started; alternatively, the price will be ranging waiting for direction.
2026.02.11 06:14
1
MQL5 profile
Yeni yorum
Weekly price is on ranging within 0.5710/0.6120 s/r channel: the price was bounced from resistance level at 0.6120 to below and crossed 0.5927 level for 0.5710 as the possible target to re-enter and for the primary bearish trend to be resumed.
Trading Summary: wanting for the bearish trend to be continuing (in case of support level at 0.5710 to be broken to below) or for the primary bullish reversal (in case of 0.5927 resistance level to be broken to above for 0.6120 possble target.
Conclusion: ranging for direction.