If price bounces from the uptrend line and 109.00 level, probably we'll see up movement to the major downtrend line. It's buy opportunity. We can place buy-stop orders for entry above 109.25 level with stop orders below 109.00. Profit targets should be at the downtrend line and the resistance level.
Dimitri..how do you decision to choose an instrument to invest your money in? Do you monitor the charts regularly? or you have some favorites that you keep on monitoring?
DLavrov
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@Masim, I use my trading strategies and wait for signals. It's simple way of trading. I trade major Forex pairs, WTI, Gold.
agbarbosa
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What about now after the enormous gap? Do you think it will come back to 109 or 108?
DLavrov
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@agbarbosa, Sometimes gaps can be filled. I think we'll see 109.00-109.50 and price reversal from the uptrend line.