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.