Let's think about possible entry levels using MA indicators and support levels. We can see how the market moves to the possible reversal levels. DMI indicator shows trend market conditions but ADX
line falls and it tells us that we should not expect strong up movement within several days. MACD
also confirms down movement. RSI
falls to the oversold zone and we will be able to get a strong reversal signal. So, we have a good correction movement and out target should be to wait for price reversal in the direction of the main up trend. Buying zones can be near 260.00 level, MA50 line, 200.00 level and MA100 as a support line too. The main thing is - price must bounce from one of these levels and MACD
histogram and RSI
will have to confirm price reversal. Only after that we'll have to buy based on trading signals from the daily and hourly charts.
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