The price is going to break the downtrend line. It’s buy opportunity. The local swing high is a good level for placing pending orders for buy. It’s 70.10 level. Stop orders can be placed below the previous low at 65.30 level. Profit target should be near the resistance level. DMI allows open long trades. But in order to get an additional confirmation that the market is going to move upward, ADX line will have to rise above 20 level. If you want to get more reliable signal, you should wait for this confirmation. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.
Profit Targets: 75.00
The trading signal is based on Kraken chart.