Price bounces from Kijun line and the uptrend line. RSI confirms price reversal. DMI shows trend market conditions and allows trading. We have buy opportunity. Entry level for long trades should be above 235.00 level. Stop orders must be placed below 208.00 level which is the local swing low. Profit target can be at 300.00 resistance level or these trades can be holden in long term.
Yorum
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Price broke the uptrend line. It's a signal of possible downward movement. We have to watch for price action near 220.00 support level and the kumo. If price bounces from one of these reversal zones, we'll have a new buy sginal.
Yorum
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The kumo and 200.00 level form a good support zone. We have to watch for price action and wait for possible reversal signal.
@DLavrov, I'd say to wait for conviction follow through after $235. Meaning buy at $240-$245 or wait for retracement after it gets past $235. There's still too many sellers in this market. I agree, just about every signal is bullish. The broken trend line is troublesome though. It very easily could be impulse fear move though. Best
abuhossam1000
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@DLa4vrov, hi , do u think 200 is good for short entry ?
khandujarohan
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@DLavrov - the candle has crossed the Uptrend line, do you still recommend to stay in the trade or exit?