This article was posted on Sunday, 15:19, UTC.
The market stays below the downtrend line which must be broken for confirmation upward movement. We can place pending orders for buy above 270.00 resistance level and the local swing high. If the market passes through the downtrend line and moves above this resistance level, we’ll get an additional confirmation for a new upward movement. Stop orders should be placed at 197.00 level. Profit targets are 350.00 and 390.00 levels. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.
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Profit Targets: 350.00 and 390.00
The trading signal is based on Poloniex chart.
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Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.