NRZ2019
Long

Reliable channel on AEX

EURONEXT:AEX   AEX Index
This is a simple trade, with a good reward/ratio.

Technical

This four months channel has been very accurate. Yesterday there was a confirmation pull-back on the floor of the channel, so today it's a good day to go long. It's very similar to DAX30's chart, beware of correlation between your trades. Don't pay attention to the indicators, price action has always precedence.

Fundamental

  • The fear of a second wave is already discounted in prices.
  • Europe already ended their hard confinement.
Trade closed: stop reached: During earnings season, stock markets lose their trends.

Comments

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