SwissTradingSchool

ACWI, iShares Trust MSCI ACWI ETF - Potential Breakout

NASDAQ:ACWI   iShares MSCI ACWI Index Fund
NASDAQ:ACWI
The price has bounced many times on the level 75.00 forming a clear resistance, and finding in the last period also support on the level 70.00.
In this case, being the leading ETF on the world's leading indices, uncertainty can be perceived in the markets at the moment.
However, it is not a guideline for our operations, but rather a potentially interesting asset to trade in case of a Beakout.
If it were to break up the 77.50 level upwards it could be another level of resistance to overcome, and that is why we will adopt a different risk management as our strategy tells us.
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