Good solid advice about excellent article with many great tips about forex that anyone can use.
In the US stock market has been a growing trend again. Many stocks are suitable for the resistance levels and try to break them. This positive growth trend of the share price on the arm traders of breakdown levels. This seemingly simple strategy is profitable in most cases. Right now, the chart clearly shows how the action came to a strong level and anchored beside him. Intra-day trading these shares does not make sense, because the movements are very torn, but the average futures trading in these stocks can make good money. We aim through 155 points near the smooth level of 46.00 as previously at this level the price has already received both support and resistance. We look forward to further development of the situation in the stock market, and if the majority of traders will be bullish, and will buy shares of the company, we also open a long position
The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.
If the resistance level is broken you can use the following recommendation:
• Chart timeframe: D
• The trade recommendation: Buy
• The level of entry into long position: 44.45
• The level of profit and close the position: 46.00 (155 pips)
Possible bullish movement in the breakout of the resistance level 1244.50
Forex currency pair EURUSD
Possible bullish movement in the breakout of the resistance level 1.0720
Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 1.0000
Forex currency pair USDJPY
Possible bearish movement in the breakdown of the support level 111.60
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