This article was posted on Wednesday, 18:56, UTC.
The price bounced from the kumo and the downtrend line. RSI confirmed price reversal. DMI shows trend market conditions and allows trading. We have sell opportunity. Place pending orders below the local swing low. Stop orders must be above 1.26530 level. Profit targets should be at the support levels. The previous pending orders for buy must be deleted. Recommended trading volume for this trade is up to 3% from your deposit.
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Profit Targets: 1.24100 and 1.23100
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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.