This article was posted on Friday, 15:36, UTC.
The market moved above the cloud. From this moment we have to trade based on buy signals. DMI confirms range markets conditions and we can try to catch a possible upward movement using a breakout strategy. Pending orders for buy should be placed at 82.50 level. Stop orders must be placed below the support level and Kijun line. Profit target should be at the resistance level. If the price drops below the cloud, buy orders should be deleted. 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: 90.00
The trading signal is based on Poloniex 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.