The price broke the local downtrend line. It gave us a bullish signal. If the price can move above the local swing high and SMA100, it will be a possible buy opportunity in the direction of the main uptrend.
MACD lines and histogram support further upward movement. DMI does not confirm the strength of sellers.
Entry Price: above 8543.50
Stop Level: below 8245.50
Profit Level: at 8995.00
Risk per trade must be no more than 5% of your capital. If the price reaches 8800.00 level, it will be possible to move stop orders to breakeven.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
MACD lines and histogram support further upward movement. DMI does not confirm the strength of sellers.
Entry Price: above 8543.50
Stop Level: below 8245.50
Profit Level: at 8995.00
Risk per trade must be no more than 5% of your capital. If the price reaches 8800.00 level, it will be possible to move stop orders to breakeven.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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