This article was posted on Monday, 15:37, UTC.
The price dropped below the kumo and then broke the uptrend line. We get a signal confirming further downward movement. ADX line of DMI indicator rises to 20 level and we should expect for a strong price movement. Pending orders for sell can be placed below the local swing low. If the market drops below this level, we’ll get an additional confirmation for a downtrend. Stop orders must be placed above 144.00 resistance level. Profit targets are at 139.00 and 136.00 support levels. Recommended trading volume for this trade is up to 3% from your deposit.
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Profit Targets: 139.200 and 136.20
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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.