General Motors shares test resistance level for the third time
General Motors shares are on a growing trend. The price is trying to break the resistance level of 59.30 for the third time. The chart shows a pattern called a flag. It's is a technical analysis pattern that signals a trend continuation. We have placed our order above this resistance level. If the position will open, then there is a chance to earn 60 pips in this trade.
Order Type: Pending Order - Buy Stop
Entry Price at 59.40
Take Profit at 60.00
Pips Earning: 60
Forex trade strategy for major currency pairs:
EURUSD sell at the price of 1.11525
USDJPY buy at the price of 113.80
GBPUSD sell at the price of 1.3570
USDCHF buy at the price of 0.9315
Daily technical analysis of the stock market from AZAforex
The profit can be $600.00 if the trading volume of 1000 USD (1 Lot).