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The FRA40 index decided to restore its position in the market

The FRA40 index decided to restore its position in the market

Oct 15 2021

by Michael Wallenberg
Analyst AZA

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The FRA40 index decided to restore its position in the market

The FRA40 index decided to restore its position in the market

For the fourth time, the price has tried to break through the strong resistance level of 6724. Each time the attempt failed. But the price grew fast enough this time and its inertia will be difficult to stop. Therefore, we place our order to open a position slightly higher at 6730 with a target of 20 pips.

Symbol: FRA40
Order Type: Pending Order - Buy Stop
Entry Price at 6730
Take Profit at 6750
Pips Earning: 20

Forex trade strategy for major currency pairs:
EURUSD buy at the price of 1.1620
USDJPY buy at the price of 114.20
GBPUSD buy at the price of 1.3740
USDCHF sell at the price of 0.9220

The result of a trade recommendation.

The result of a trade recommendation.

Daily technical analysis of stock indices from AZAforex
The profit can be $200.00 if the trading volume of 10 Futures.

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