Trading idea is based on a breakout signal above the local swing high. If the market moves above 112.00 level, it will be a confirmation of further upward movement. RSI confirms price reversal from 100.00 support level. MACD histogram supports upward movement. DMI allows opening long trades. Entry level is 112.00 with stop orders at 98.00 level. Profit targets are 125.00 and 150.00 levels. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.
Market: XMRUSD
Buy: 112.00
Stop: 98.00
Profit Targets: 125.00 and 150.00
The trading signal is based on Poloniex chart.
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