This article was posted on Thursday, 11:11, UTC.
Double bullish divergence gives a signal that the market is going to reverse. The price bounces from 1.44500 level and RSI confirms price reversal. MACD histogram supports upward movement. DMI allows open long trades. Pending orders for buy can be placed at 1.45320 level and stop orders below the support level. Profit target is 1.47000 resistance level. If the market drops below 1.44500 level, you have to delete buy orders. Don’t risk more than 3% from your deposit in this trade.
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Profit Targets: 1.47000
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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.