VISA shares plummeted in value in the stock market
VISA shares plummeted in the stock market by almost 800 pips in one trading session. The fall in price only stopped at $ 222 per share. Usually, stocks in the stock market can hold levels and a breakout trading strategy works better here than in forex. We have placed a pending order at 222.00 and will open a position with a target at 220.50. Our Take Profit order is set slightly higher than the strong support level. The MACD indicator is below the zero levels and the price is well below the 200 moving average. These are signs of an ongoing downtrend.
Order Type: Pending Order - Sell Stop
Entry Price at 222.00
Take Profit at 220.50
Pips Earning: 150
Forex trade strategy and trading signals for major currency pairs:
EURUSD buy at the price of 1.1885
USDJPY sell at the price of 109.90
GBPUSD buy at the price of 1.3845
USDCHF buy at the price of 0.9155
The profit can be $150.00 if the trading volume of 100 Shares.