An unprecedented collapse of quotations shares of Amazon
Amazon stock plunged from 3590 to 3220 in just 1 day. The history of this company does not remember such sharp gaps for the last year. After the fall, the price could not rise above the level of 3365 and stopped at the level of 3324. You can open a short position if the price continues to fall and breaks the flat level of 3300. Given the scale of the price drop, the Take Profit order can be placed after 5000 pips at the level of 3250, where the price can receive support.
Order Type: Pending Order - Sell Stop
Entry Price at 3300.00
Take Profit at 3250.00
Pips Earning: 5000
Forex trade strategy and trading signals for major currency pairs:
EURUSD buy at the price of 1.1900
USDJPY sell at the price of 109.45
GBPUSD sell at the price of 1.3880
USDCHF sell at the price of 0.9040
The profit can be $500.00 if the trading volume of 10 Shares.