The market bounced from the support zone formed by 10.00 and 8.00 levels. RSI confirmed price reversal and did it in the oversold zone. MACD supports upward movement. We have buy opportunity. If the market moves above 13.00 resistance level, it will be a signal of futher upward movement. It's logical to place pending orders for buy above 13.00 resistance level. As it's a long term trade, the stop orders can be placed far from the entry point. They should be below the support zone at 7.80 level. The main profit target is 22.00 level and the part of long positions should be left for long run.
@Ronnaritta, yes, it's an additional signal confirming upward movement.
Ronnaritta
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@DLavrov, how to do you spot it can you please share some insight, thank you
finsIe
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@Ronnaritta, how can he answer this question? This is his job.. You do not ask a master chef what the recipe to his dishes are because he will not answer.