The price bounced from 270.00 support level and moved upward. RSI confirmed price reversal. MACD supports upward movement. DMI allows opening long trades. If the price breaks the donwtrend line and SMA100, we'll get an additional confirmation of further upward movement. It will be a new buy opportunity. We can wait for the breakout and buy from the market. But also we can use pending orders for entry placed at 292.00 level. Stop orders must be placed below the local swing low at 266.00 level. Profit targets are 320.00 and 360.00 resistance levels.
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💎 Share My BEST Trades here 👉 bit.ly/wubits
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.