2ndSkiesForex
Long

Breakout Above Multi-Year Resistance

FX:EUSTX50   Euro Stoxx 50 index of European listed shares
163 4 2
After consolidating for about two weeks, the EUSTX50             screamed higher gaining about 90 points within the last two days. In the process, it broke through a multi-year resistance level shooting vertical over today. Any pullbacks towards 2955 should be considered buying opportunities, targeting 3000, and 3100. Bullish bias remains while daily closes are above this level.
Ryan Tyler
3 years ago
Getting closer to the pullback area. Very good place to enter
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2ndSkiesForex Ryan Tyler
3 years ago
Yep, as we stated - any pullbacks to the 2955 level should be considered good buying opportunities.

And the low on the day? 2955.

Textbook setup so hopefully you have profited from that.
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pradafx
3 years ago
Thanks Chris, Benefitted from this one. Worked perfectly for me. What is the next level ?
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2ndSkiesForex pradafx
3 years ago
Glad you profited from this one. Next up is 3050 and 3100 which are multi-year levels so should be interesting to see how it relates to the air up there.
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