2ndSkiesForex
Long

Breakout Pullback Setup in Euro Stoxx 50

FX:EUSTX50   Euro Stoxx 50 Index
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Unlike the US indexes, the European indexes continue to find higher ground. Today the Euro Stoxx 50 formed a bullish pin bar on the 4hr chart, climbing for 12 straight hours. The index is currently sitting below key resistance at 3125. Bears wanting to get short have their level here. Bulls can look for a breakout pullback setup above, or a corrective pullback to the trendline around 3090.
Hello
Nice Analysis Chris.
Best Regards Ehsan:)
Reply
Hello Ehsan,

Thanks mate. Glad you enjoyed it.

Kind Regards,
Chris
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Nice Analayiss. We just reached the Key resistance level. Expecting a breakout.
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Yes, just cleared the resistance and pulled back into it (1hr chart) as expected. Already about 15-18 points higher so hopefully you profited from that one.
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