This is a long term trade. We have an opportunity to open long positions not far from possible bottom. The price bounces from the support zone between 800.00 level and SMA100. RSI confirms price reversal in the oversold zone. MACD histogram is going to support the further upward movement. DMI still shows the power of bears and if you want to get more reliable buy signal, it's better to wait when ADX line starts falling.
Pending orders for buy can be placed at 875.00 level with stop orders at 580.00 level. Profit targets are 1500.00 and 2000.00 levels.
Pending orders for buy can be placed at 875.00 level with stop orders at 580.00 level. Profit targets are 1500.00 and 2000.00 levels.
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