AzaForexBroker
Long

Strategy of American Express by AzaForex forex broker

NYSE:AXP   AMERICAN EXPRESS CO
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: H4
• The trade recommendation: Buy
• The level of entry into long position: 70.40
• The level of profit and close the position: 73.00 (260 pips)
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