The market stays above 3500.00 support level. This level can be a starting point for a new upward movement. We must be ready to join this movement. Pending orders for buy can be placed above the local swing high and the downtrend line. It’s 3720.00 level. If the price breaks the downtrend line and moves above 3700.00, it will be a confirmation of further upward movement. Stop orders must be placed below the support level. Profit target should be at the resistance level. If the market drops below 3500.00 level, buy orders must be deleted. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.
Profit Targets: 4100.00
The trading signal is based on Kraken chart.