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Global Indices Trading Ideas: Stock indices stables after rally

24 Oct,2022
Global Indices Trading Ideas: Stock indices stables after rally

Dow Jones Industrial index drops slightly after rally

Trading Idea: Trending Higher

Entry Point Stop Loss Take Profit 1 Take Profit 2
31000 30760 31500 31628

Comment: Breaching the ranging channel and above the pivot point favors the rise. However RSI and MACD suggests a reversal

Order Type: Buy Limit

Risk-reward ratio (SL to TP 1):  1:2.08

Risk-reward ratio (SL to TP2):   1:2.62
 


Nasdaq 100 Index could retest the pivot

Trading Idea: Trending Higher

Entry Point Stop Loss Take Profit 1 Take Profit 2
11280 11100 11500 11751

Comment: Breaching the ranging channel and above the pivot point favors the rise. However RSI and MACD suggests a reversal

Order Type: Buy STOP

Risk-reward ratio (SL to TP 1):  1:1.22

Risk-reward ratio (SL to TP2):   1:2.62


German Dax holds ground after latest rally 

Trading Idea: Trending higher

Entry Point Stop Loss Take Profit 1 Take Profit 2
12750 12520 13000 13352

Comment: Breaching the ranging channel and above the pivot point favors the rise. However RSI and MACD 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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