This article was posted on Thursday, 10:44, UTC.
The price bounces from SMA100 which is a strong support line. RSI confirms price reversal. MACD histogram supports upward movement. DMI allows open long trades. Also a bullish divergence confirms a reversal of downward movement. We can expect that the market starts a new upward movement. Pending orders for buy should be placed at 1330.00 level. Stop orders must be below the local swing low. Profit target should be at the resistance zone. Don’t risk more than 3% from your deposit in this trade.
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Profit Targets: 1350.00
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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.