This article was posted on Saturday, 21:42, UTC.
The price broke the resistance line of a symmetrical triangle. It’s a signal that the market is going to move upward. We have a buy opportunity. Pending orders should be placed above the kumo at 0.942000 level. Stop orders must be placed below 0.800000 support level. The main profit target is 1.100000 resistance level. Also a part of long positions can be left for long run. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.
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Profit Targets: 1.100000
The trading signal is based on Bitfinex chart.
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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.