Price bounced from MA100 and 120.00 support level. RSI confirms price reversal. MACD shows an upward movement. But DMI confirms a downward movement. If you want to get an additional confirmation for this upward movement, you should wait for ADX line reversal. We have buy opportunity and we can open long trades higher than 150.00 level. Stop orders for these trades must be below 118.00 level. Profit target can be at 200.00 resistance level or you can hold the trades in long term. Don't forget that the markets still can drop to new lows. That's why you should not trade big volume.
Komentarz:
The market reached 200.00 resistance level. You can fix profit and wait for new trading opportunities.
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