Global Indices Technical Ideas: Wall street edge higher ahead of earnings
Dow Jones Industrial index stable after massive rally
Trading Idea: Reversing Higher
Entry Point | Stop Loss | Take Profit 1 | Take Profit 2 |
29750 | 29550 | 30100 | 30273 |
Comment: Breaching the resistance line and trading above moving averages favors the rise. RSI and MACD favors the bulls
Order Type: Buy Limit
Risk-reward ratio (SL to TP 1): 1:1.75
Risk-reward ratio (SL to TP2): 1:2.65
Nasdaq 100 Index trying to edge higher
Trading Idea: Reversing higher
Entry Point | Stop Loss | Take Profit 1 | Take Profit 2 |
10750 | 10650 | 10850 | 11011 |
Comment: Trading above the support line and bullish technical indicators favors the rise. However breaching both the pivot point and moving averages is required to confirm the trend
Order Type: Sell Limit
Risk-reward ratio (SL to TP 1): 1:1
Risk-reward ratio (SL to TP2): 1:2.618
German Dax holds ground after latest rally
Trading Idea: Reversing Higher
Entry Point | Stop Loss | Take Profit 1 | Take Profit 2 |
12500 | 12400 | 12650 | 12760 |
Comment:Breaching the resistance line and trading above moving averages favors the rise. However RSI and MACD are flat which suggests a reversal
Order Type: Buy STOP
Risk-reward ratio (SL to TP 1): 1:1.5
Risk-reward ratio (SL to TP2): 1:2.618
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