Amazon stocks are trying to break through the resistance cloud
Amazon shares are trying to break through the resistance at 3526.00 for the third time. This time this attempt was unsuccessful. But we now have an opportunity to open an order. If the bulls are strong, they will still manage to break through these levels then the price will still have a power reserve until the next resistance level at 3550.00, from which the price bounced down before. Shears on the stock market hold price levels very well. A breakout trading strategy works well in the stock market. Therefore, we will place an order to enter the market at 3530 and just wait.
Order Type: Pending Order - Buy Stop
Entry Price at 3530.00
Take Profit at 3550.00
Pips Earning: 2000
Forex trade strategy and trading signals for major currency pairs:
EURUSD sell at the price of 1.1815
USDJPY buy at the price of 110.45
GBPUSD sell at the price of 1.3750
USDCHF buy at the price of 0.9215
The profit can be $2000.00 if the trading volume of 100 Shares.