This article was posted on Sunday, 12:10, UTC.
The price bounced from Ichimoku lines and confirmed downward movement. We could join this movement using a breakout signal with entry below 0.91150 level. But in such variant stop orders must be placed too far from the entry point. It’s better to wait for a new pullback to Tenkan and Kijun lines and open short trades near 0.91500 level. Stop orders must be placed at 0.92070 and take-profit orders near the support level. Recommended trading volume for this trade is up to 3% from your deposit.
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Profit Targets: 0.90100
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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.