This article was posted on Tuesday, 10:53, UTC.
The price bounced from the uptrend line and 1.19500 support level. RSI confirmed price reversal. We have buy opportunity. If the market breaks the downtrend line and moves above the local swing high, it will be a confirmation of further upward movement. Pending orders for buy should be placed at 1.19800 level. Stop orders must be at 1.19400 level. Profit target should be at 1.20500 level. Don’t risk more than 3% from your deposit in this trade.
// -- Discuss and ask questions in our community on Workplace
. Don't have an account? Send Jonas Borchgrevink an email -- //
Profit Targets: 1.20500
Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.
Feedback or Requests?
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.