Since our last trade analysis, STOXX50 reached our target at 4,370 from the W Formation pattern that broke up and out of.
Today, we have our confirmation of another bullish pattern for upside, the Box Formation.
The price has broken up and above the pattern and we have upward momentum indicators confirming upside to come including:
7>21>200 -...
Trade Idea: Selling EU50
Reasoning: Double top completed on the daily chart. Lower prices expected.
Entry Level: 4253.5
Take Profit Level: 4205
Stop Loss: 4275
Risk/Reward: 2.3/1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in...
Trade Idea: Selling EU50
Reasoning: False breakout on EU50? Bears to return ahead of ECB meeting?
Entry Level: 3955
Take Profit Level: 3533
Stop Loss: 3621
Risk/Reward: 2.31:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading....
