The price is going to bounce from the uptrend line. We should wait for confirmation of price reversal from RSI
. Also it will be good, if MACD
supports upward movement. But there is a variant which allows us trading based on the current market conditions. We can see that the market moves in range. Bollinger bands
are narrow and DMI confirms range market conditions. We can try to catch a volatility
breakout. For this we should place pending orders for buy above the local swing high. It's 0.58000 level. Stop orders must be at 0.46000 level. Profit targets are 0.80000 and 1.00000 levels.