The daily price is on secondary ranging within the primary bullish market condition: the p[rice is ranging within 154.35/156.95 support/resistance channel for waiting for the direction of the bullish tred to be continuing if the resistance at 156.95 is broken, or to the primary bearish reversal to be started for 154.35 support to be broken to below on daily close bar. Recommendation: watch the daily price 154.35/156.95 s/r channel to be broken for possible buy or sell position in the short or medium term situation for example.
2025.12.18 09:58
2
MQL5 profile
Yeni yorum
Daily price broke Ichimoku cloud to be below for the primary bearish reversal. The price is testing the support level at 152.08 to below for the 150.27 as the next possible target to re-enter.
Alternatively, the price will be on ranging for direction.
The daily price broke resistance level at 156.95 to above for the bullish trend to be continuing. The price broke the next resistance/target at 157.96 to above for the other target/resistance at 159.19. For now, the price was bounced from 159.19 to below for the ranging market condition to be started, but, anyway, if the price breaks this resistance level to above on daily close bar so we may see the strong bullish continuation for example.